The Norwegian Cockroach
05-04-2020, 01:44 AM
#1
Gets Weekends Off
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Joined APC: Mar 2007
Posts: 1,067
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
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
05-07-2020, 04:20 PM
#3
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,453
Originally Posted by NEDude
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
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
11-10-2020, 02:05 AM
#5
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Joined APC: Feb 2008
Posts: 112
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/
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/
11-10-2020, 08:16 AM
#6
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,480
Originally Posted by simuflite
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/
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.
11-10-2020, 08:52 AM
#7
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Joined APC: Apr 2020
Posts: 2,182
Originally Posted by Excargodog
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.
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.
11-10-2020, 10:14 AM
#8
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,453
Originally Posted by Excargodog
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.
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.
11-10-2020, 04:57 PM
#9
Gets Weekends Off
Joined APC: Jul 2018
Posts: 703
Originally Posted by Excargodog
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.
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.
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