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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....


AeroTime Team
Can Norwegian survive the US travel ban on Europe?

Norwegian government waives aviation taxes in the country, but it might be just too little too late to save Norwegian. Following the U.S. ban on European flights, the airline increased its flight cuts to over 4,000 over a month and clarified that temporary layoffs would affect as much as 50% of its workforce. ...


AeroTime Team
Norwegian’s poise amidst coronavirus met by investors’ skepticism

While some carriers in Europe are cutting their capacity up to 50% due to travel demand drop caused by the coronavirus outbreak, Norwegian Air Shuttle says it is in a slightly better position as its network has limited locations in regions heavily affected by the virus. Nevertheless, investors are skeptical the airline has enough resilience to survive the times. ...


Rytis Beresnevicius
Europe’s 3 biggest LCCs chop capacity due coronavirus

With the outbreak softening demand in Italy and rest of Europe, even the most resilient airlines in the continent are forced to cut capacity: easyJet, Ryanair and Wizz Air have announced significant changes to their flight schedules....


AeroTime Team
Network cuts leave Norwegian’s traffic down by over a fifth

Norwegian Air Shuttle total traffic dropped by 23% as it cut capacity by 27% in November 2019. However, the airline states the downturn is “in line” with its strategy and the lower traffic is compensated by growing unit revenue.    ...


AeroTime Team
BREAKING: Norwegian axes Argentinian subsidiary

Norwegian Air Shuttle is selling its Argentinian subsidiary Norwegian Air Argentina (NAA) to JetSMART Airlines, as it struggles to straighten out its finances. ...


Clement Charpentreau
Norwegian’s Argentinian subsidiary threatened?

Barely more than a year after its creation, rumors say the low-cost airline Norwegian Air Argentina could cease operations after the end of the winter season. Its parent company denied the claim....


Zivile Zalagenaite
Norwegian cuts long-haul routes for second time

Norwegian Air Shuttle is cutting long-haul routes to the United States and Thailand from Denmark and Sweden. The low-cost carrier, currently working on restoring profitability, claims the demand is low on the routes and that Rolls-Royce engine problems affecting its Boeing 787 Dreamliner fleet have also played a role in making the decision. This is the second Norwegian’s long-haul network trim announced in recent months. ...


Rytis Beresnevicius
With new CEO and secured funding, where does Norwegian go next?

Norwegian Air Shuttle announced that it finally has found a replacement for its long-standing CEO and founder, Bjørn Kos. But what kind of daunting task awaits the new CEO, Jacob Schram?...