Articles tagged “Bjorn Kjos”

Norwegian Air Is Reportedly on the Hunt for Its Next CEO

Norwegian Air Is Reportedly on the Hunt for Its Next CEO

Anna Molin, Bloomberg

Sixteen years after launching Norwegian Air, 72-year-old Bjorn Kjos sounds like he's getting ready to hand over the reins. Even if it he sticks around for a few more years, now is the time to start looking for his successor.

11 months ago

Norwegian Air CEO Is Wait and See on Possible Sale as Competitors Show Interest

Norwegian Air CEO Is Wait and See on Possible Sale as Competitors Show Interest

Brian Sumers, Skift

Norwegian Air reported earnings Thursday, and a lot of analysts expected it to feel like a funeral. But something funny happened. The airline reported a profit. Does this mean it's in good shape? Probably not, but at least it's better than a loss.

1 year ago

British Airways’ Owner Thinks Strategically as It Mulls Buying Norwegian Air

British Airways’ Owner Thinks Strategically as It Mulls Buying Norwegian Air

Chris Hughes, Bloomberg

International Airlines Group eventually may acquire Norwegian Air. Suffering Norwegian Air stockholders might prefer a quick deal, but Norwegian's CEO owns roughly 26 percent of the company, and he's not quite willing to let go yet. But that stance may not last forever.

1 year ago

Why It Might Finally Be a Good Time to Own Norwegian Air Stock

Why It Might Finally Be a Good Time to Own Norwegian Air Stock

Chris Bryant, Bloomberg

A few months ago, Norwegian's stock was in rough shape, as the airline overextended itself and built up too much debt. That's still an issue, but shares are in much better shape thanks to an investment from IAG. CEO Bjorn Kjos, who controls a quarter of the airline's stock, is probably laughing all the way to the bank.

1 year ago

Norwegian Air CEO Admits the Discount Carrier Failed to Deliver in 2017

Norwegian Air CEO Admits the Discount Carrier Failed to Deliver in 2017

Benjamin Katz , Bloomberg

Industry insiders knew Norwegian Air was a "mess" last year, but the company kept downplaying its issues. Now, Norwegian has come clean, with its CEO saying, "2017 was not a good year.” But has it solved all of its problems? We doubt it.

2 years ago

Video: Norwegian Air CEO on Why He Does Not Fear Low-Cost Competition

Video: Norwegian Air CEO on Why He Does Not Fear Low-Cost Competition

Brian Sumers, Skift

Some legacy airlines are threatened by Norwegian, but most respect what CEO Bjorn Kjos is doing. They often say he's a worthy adversary.

2 years ago