Norwegian Air

Norwegian Air shares soar with possible record profits in sight

Turnaround for budget carrier not long ago threatened by debt and pandemic downturn

Fri Feb 16 2024 - 12:03

Norwegian Air posts profit on easing travel curbs, flags fuel price impact

Budget carrier reported net profit of €129.9m for the April-June period in 2022

Thu Aug 25 2022 - 17:54

Global shares advance as investors go bargain hunting

Twitter stock tanks after Elon Musk puts $44bn deal on hold, but Tesla stock rises

Fri May 13 2022 - 18:01

Ireland needs to tackle ‘zombie’ companies, says leading law firm

‘Awful lot of businesses with a broken balance sheets,’ says McCann Fitzgerald

Mon May 02 2022 - 05:40

Ukraine appeals: ‘My phone has not stepped ringing ... Everybody wants to help’

Ukrainian community in Ireland overwhelmed with support and donations

Tue Mar 01 2022 - 14:16

Norwegian Air swings to profit after restructuring

The budget carrier’s net result rebounds to record a profit of €186m last year

Fri Feb 18 2022 - 17:47

Norwegian Air’s third quarter revenue rises as travel picks up

Budget carrier reported a 68% year-on-year rise in third-quarter revenue

Thu Oct 28 2021 - 09:39

Norwegian Air to increase flights from Ireland to Scandinavia

Demand rising with vaccines and lifting of coronavirus travel restrictions, says airline

Fri Aug 13 2021 - 09:21

Norwegian Air Shuttle bonuses cause political row

Low-cost airline paid retention bonuses to both current and recently fired chief executives

Tue Jun 29 2021 - 20:10

Norwegian Air Shuttle replaces chief executive officer

Low-cost airline rebuilds operations as a regional carrier after exiting insolvency

Mon Jun 21 2021 - 09:09

Norwegian Air emerges from bankruptcy, reinvents itself as regional carrier

‘We have saved an airline,’ says chief executive

Wed May 26 2021 - 13:03

Norwegian Air set to exit restructuring after raising fresh capital

Airline conducted rights issue and sold bonds and shares

Fri May 21 2021 - 20:59

Norwegian Air eyes almost €670m refinance package

Attempt to raise capital part of scheme to emerge from bankruptcy in Ireland and Norway

Mon May 03 2021 - 16:52

Ken Fennell: ‘There is a growing feeling that there could be a lot of companies in trouble’

Interview: Insolvency expert expects clarity by September on surviving businesses

Fri Apr 23 2021 - 13:30

Court approves Norwegian Air survival plan

Group had accumulated debts of $5.2bn when it sought protection from creditors

Thu Apr 22 2021 - 18:10

Court approves repudiation of Norwegian Air leasing contracts

Airline said move was necessary to ensure its survival

Thu Apr 22 2021 - 16:56

Norwegian Air aims to raise more money than planned

Carrier now looking to raise up to 6bn crowns as opposed to previous 4.5bn

Wed Apr 14 2021 - 07:43

Norwegian Air restructuring scheme approved by High Court

None of airline’s creditors challenged the survival plan

Fri Mar 26 2021 - 17:02

Norwegian Air’s shareholders reported to back restructuring plan

Airline clears first of several procedural hurdles as it battles to survive the pandemic

Thu Mar 18 2021 - 19:13

Norwegian Air updates offer to creditors in key step towards survival

Airline takes major step in plan to cut debt and reduce fleet to survive pandemic

Thu Mar 11 2021 - 08:34

Norwegian Air says Boeing dispute to be decided in US court

Airline indicates to High Court it is seeking to repudiate three aircraft sales contracts

Fri Mar 05 2021 - 20:59

Norwegian losses topped €2bn in 2020 due to pandemic

Airline flies just 547,000 passengers in fourth quarter as tourism collapses

Fri Feb 26 2021 - 08:02

Norwegian close to deal on ICBC leases

Scandinavian airline’s examinership continues

Thu Feb 25 2021 - 12:51

Norwegian Air Shuttle nears agreement to end jet deliveries from Airbus

Airline in bid to restructure has agreed terms of consent order to cancel order, court hears

Wed Feb 24 2021 - 16:36

Norwegian Air Shuttle to wind up US flight crew arm

Scandinavian group and Irish subsidiaries back in High Court over aircraft leases

Tue Feb 23 2021 - 20:30

Norwegian Air secures extension to court protection

Covid-19 uncertainty hinder examiner in efforts to put together rescue scheme

Fri Feb 19 2021 - 18:04

Norwegian Air Shuttle faces complex long-haul legal journey

Cantillon: Airline examiner to request extra 50 days to produce rescue plan

Tue Feb 16 2021 - 05:14

Creditors accuse Norwegian Air Shuttle of ‘unreasonable pressure’

The airline and four Irish subsidiaries are under High Court protection from creditors while an examiner puts together rescue plan

Mon Feb 15 2021 - 17:25

Norwegian creditors challenge airline’s bid to return aircraft to lessors

Airline and Irish subsidiaries have High Court protection from creditors

Thu Feb 04 2021 - 18:02

Norwegian creditors may challenge airline’s bid to end leases

Airline seeking to hand back 36 aircraft

Thu Feb 04 2021 - 13:26

Norwegian seeks to hand back 36 aircraft

Airline asks High Court to end leases held by Irish subsidiaries

Thu Jan 28 2021 - 12:04

Norwegian Air plans to cut fleet by more than half as part of rescue

Troubled carrier due in High Court on Thursday

Wed Jan 27 2021 - 17:50

Norwegian examiner has month to finalise rescue plan

High Court extends examinership as $2.5bn of group debt discharged

Fri Jan 22 2021 - 15:35

Norwegian Air to get financial support from Norway’s government

Capital funding contribution will only come if airline meets conditions

Thu Jan 21 2021 - 08:46