The Norwegian Cockroach
Somehow, against all odds, Norwegian has once again cheated death. This morning, shareholders voted overwhelmingly in favor of the last set of steps required for Norwegian to secure all currently available state aid from the Norwegian government, and in the process has significantly reduced their outstanding debt. Reports out of Oslo now say the company is secure until the end of 2020 under the current operating plan (seven aircraft in operation). Going forward, the company will plan to run an operation that is about 40% smaller than the pre-Covid19 operation, with long haul operations concentrated in cities with the most profitable routes and with a more efficient staffing system. Long haul is not expected to come back until summer '21 at the earliest.
Norwegian is like cockroach, nothing can seem to kill it! LOL Article is in Norwegian, but gives a decent summary so far: https://www.dn.no/luftfart/norwegian...des/2-1-801870 |
Certainly interesting. Wonder what routes they will start with come 2021. Assume the London routes. Also, with everything going on, they might end up at Heathrow.
|
Originally Posted by NEDude
(Post 3048479)
Somehow, against all odds, Norwegian has once again cheated death. This morning, shareholders voted overwhelmingly in favor of the last set of steps required for Norwegian to secure all currently available state aid from the Norwegian government, and in the process has significantly reduced their outstanding debt. Reports out of Oslo now say the company is secure until the end of 2020 under the current operating plan (seven aircraft in operation). Going forward, the company will plan to run an operation that is about 40% smaller than the pre-Covid19 operation, with long haul operations concentrated in cities with the most profitable routes and with a more efficient staffing system. Long haul is not expected to come back until summer '21 at the earliest.
Norwegian is like cockroach, nothing can seem to kill it! LOL Article is in Norwegian, but gives a decent summary so far: https://www.dn.no/luftfart/norwegian...des/2-1-801870 |
Originally Posted by dera
(Post 3051311)
So will Norwegian be the next Alitalia?
|
The Norwegian gov't has decided to pull the plug on further financial support of DY.
Basically they accuse DY of lying to them earlier in the year in order to secure the initial bailout; the idea was they would shrink and focus on, well, Norway as a domestic carrier. Instead, DY had another plans for that money, leaving the Norwegian gov't none to pleased... https://airwaysmag.com/airlines/gove...norwegian-air/ |
Originally Posted by simuflite
(Post 3156833)
The Norwegian gov't has decided to pull the plug on further financial support of DY.
Basically they accuse DY of lying to them earlier in the year in order to secure the initial bailout; the idea was they would shrink and focus on, well, Norway as a domestic carrier. Instead, DY had another plans for that money, leaving the Norwegian gov't none to pleased... https://airwaysmag.com/airlines/gove...norwegian-air/ Norway as a domestic carrier? You were aware that the whole country only has a population somewhat over 5 million, with a million of those in Oslo itself? Spread out on 2000 inhabited islands? And that by the time you get down to the tenth biggest “urban” area, you are talking under 50,000 population? Once you get past the ten or twelve most populous areas a daily twin otter run would usually be more than adequate. |
Originally Posted by Excargodog
(Post 3156919)
Norway as a domestic carrier? You were aware that the whole country only has a population somewhat over 5 million, with a million of those in Oslo itself? Spread out on 2000 inhabited islands?
And that by the time you get down to the tenth biggest “urban” area, you are talking under 50,000 population? Once you get past the ten or twelve most populous areas a daily twin otter run would usually be more than adequate. |
Originally Posted by Excargodog
(Post 3156919)
Norway as a domestic carrier? You were aware that the whole country only has a population somewhat over 5 million, with a million of those in Oslo itself? Spread out on 2000 inhabited islands?
And that by the time you get down to the tenth biggest “urban” area, you are talking under 50,000 population? Once you get past the ten or twelve most populous areas a daily twin otter run would usually be more than adequate. |
Originally Posted by Excargodog
(Post 3156919)
Norway as a domestic carrier? You were aware that the whole country only has a population somewhat over 5 million, with a million of those in Oslo itself? Spread out on 2000 inhabited islands?
And that by the time you get down to the tenth biggest “urban” area, you are talking under 50,000 population? Once you get past the ten or twelve most populous areas a daily twin otter run would usually be more than adequate. |
Out of interest, anyone know what SAS position is?
|
All times are GMT -8. The time now is 12:33 AM. |
User Alert System provided by
Advanced User Tagging v3.3.0 (Lite) -
vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Website Copyright ©2000 - 2017 MH Sub I, LLC dba Internet Brands