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Clement Charpentreau

Norwegian cancels all remaining Boeing orders

Norwegian Air Shuttle announced it would cancel its pending order for 92 Boeing 737 MAX and 5 Boeing 787 Dreamliner jets. The airline reiterated its will to receive compensation for the losses generated by the 737 MAX grounding and the 787 Dreamliner Rolls-Royce engine problems....


Rytis Beresnevicius

Norwegian announces restart of international services

With an ever-increasing demand for air travel and intensifying competition, Norwegian has decided to ramp-up its operations as well and expand its network within Europe....


Rytis Beresnevicius

“Hibernating” Norwegian doubles losses in Q1

Unsurprisingly, the long-haul low-cost airline, Norwegian, posted a net loss in Q1 2020. The airline, which is currently in hibernation, despite a fresh round of liquidity, is still expecting  very challenging months ahead....


Rytis Beresnevicius

Norwegian secures $300 million state aid guarantee

The struggling Norwegian seemingly is seeing the first glimpse of light at the end of the tunnel, as the airline received additional liquidity. Its management, though, warns that this is not the end of the road....


AeroTime Team

Norwegian Air Shuttle gets green light to only survival solution

Norwegian Air Shuttle investors approved the airline’s rescue plan. The move will allow the airline to unlock the second NOK1.2 billion installment of the NOK 3 billion state aid package ‒ which is seen as the “only solution” to survive the COVID-19 crisis by the low-cost long-haul carrier. ...


Rytis Beresnevicius

Norwegian could run out of cash by mid-May 2020

Norwegian, an airline that already was in a precarious position financially, announced that if it does not get the state aid funds, the company risks running out of cash as soon as in two weeks' time....


Rytis Beresnevicius

Norwegian subsidiaries in Denmark and Sweden declare bankruptcy

The first pieces of the domino have fallen at Norwegian, as the airline indicated that four subsidiary companies in Denmark and Sweden declared bankruptcy today....


Rytis Beresnevicius

How COVID-19 exacerbated Norwegian’s wrong $100 million bet

With the coronacrisis in full swing, airlines around the world are looking around on ways to save cash. And in an unexpected turn of events, Norwegian could have shot itself in the foot with a bet that has gone $100 million-wrong....


AeroTime Team

​Norwegian secures $27M guarantee for 1st state aid installment

Norwegian Air Shuttle says it has secured necessary financial support approvals from the country’s banks to be eligible to receive the first installment from Norwegian government’s $274 million state aid package, offered the prior week. ...


Rytis Beresnevicius

Norwegian Air Shuttles offered $276 million aid package

Norwegian Air Shuttle, including SAS and Widerøe, have received offers from the Norwegian government to receive state aid packages in the form of a state loan guarantee to improve the financial situation of the airlines and to ensure connectivity from and in Norway....