Articles tagged “norwegian air”

Norwegian Air Retrenches as Boeing Grounding Thwarts Its Expansion Plans

Norwegian Air Retrenches as Boeing Grounding Thwarts Its Expansion Plans

Irene García Pérez and Christopher Jasper, Bloomberg

Maybe this isn't the worst thing for Norwegian. The airline probably grew too quickly. Did it need to be flying Edinburgh to Stewart, New York? The Boeing 737 Max grounding could allow Norwegian to focus on larger markets, where 787s are appropriate.

6 days ago

Norwegian Air’s Problems Go Beyond Boeing 737 Max

Norwegian Air’s Problems Go Beyond Boeing 737 Max

Chris Bryant, Bloomberg

Norwegian may complain about Boeing's 737 Max, but the it's possible this grounding will be a good thing for the carrier. The discount airline has grown quickly, and it may not need all the airplanes it has ordered.

2 weeks ago

Norwegian Air Jet Stuck in Iran Returns Home

Norwegian Air Jet Stuck in Iran Returns Home

Niklas Magnusson, Bloomberg

Norwegian Air's predicament was compounded by the U.S. government shutdown because that delayed working around U.S. sanctions on Iran.

1 month ago

Norwegian Air Caught in Bureaucratic Tangle After Emergency Landing In Iran

Norwegian Air Caught in Bureaucratic Tangle After Emergency Landing In Iran

Ladane Nasseri, Bloomberg

Iran probably is not the best place to land a new U.S-made aircraft operated by a European airline. But sometimes you just need to get on the ground and deal with consequences later.

1 month ago

Travel Megatrends 2019: Low-Cost Carriers Lose Some Luster

Travel Megatrends 2019: Low-Cost Carriers Lose Some Luster

Brian Sumers, Skift

Customers like low-cost airlines, but no carriers so far have perfected the model for long-haul flights. It’s not clear they ever will.

1 month ago

Norwegian Air Will Base Some Top Executives in London

Norwegian Air Will Base Some Top Executives in London

Irene García Pérez and Benjamin Katz, Bloomberg

Norwegian has been in some trouble lately, but this move is probably unrelated. It's easier to get top talent to London than suburban Oslo. It's likely as simple as that.

2 months ago

Can Norwegian Air Survive?

Can Norwegian Air Survive?

Brian Sumers, Skift

We suspect Norwegian Air, which is in weaker financial shape than most passengers might expect, will survive 2019. But the first quarter will be an important harbinger of things to come. It's always a rough period for European airlines because leisure demand is slow.

3 months ago

Gatwick Airport’s Budget Travel Potential Is Key to New Investors

Gatwick Airport’s Budget Travel Potential Is Key to New Investors

Stefan Nicola and Ellen Milligan, Bloomberg

Sure, budget flights are doing pretty well, but building a multi-billion dollar business on a foundation of cheapskates who will fly anywhere as long as its under £20 doesn't seem so wise.

3 months ago

Norwegian Air Says It Has Enough Cash to Get by in Slower Winter Months

Norwegian Air Says It Has Enough Cash to Get by in Slower Winter Months

Andrew Noël , Bloomberg

Struggling Norwegian Air continues to assure investors while mapping out its future. One thing is nearly certain, 2019 will bring changes to the once, high-flying industry disrupter.

3 months ago

Virgin Atlantic Looked at Launching a Low-Cost Airline

Virgin Atlantic Looked at Launching a Low-Cost Airline

Christopher Jasper, Bloomberg

Yet another airline trying figure out how to compete with low-cost airlines, Virgin Atlantic opted not to launch its own — figuring the damage to its brand would be too high a price to pay. Noble move, yes, but let's see if its alternative of splitting its economy class into three price categories works.

4 months ago

Rebuffed British Airways Parent Still Interested in Buying Norwegian Air

Rebuffed British Airways Parent Still Interested in Buying Norwegian Air

Bloomberg, Benjamin Katz

A lot of airline company CEOs are boring. Not International Airlines Group chief Willie Walsh. He tells it like it is, as does Alex Cruz, who leads British Airways, a member of the group.

5 months ago

Norwegian Air Takes Steps to Ease Its Strained Finances

Norwegian Air Takes Steps to Ease Its Strained Finances

Christopher Jasper, Bloomberg

Suddenly all the low-cost carrier stars of yesterday, like Interjet and Jetstar, seem to be under strain. Norwegian Air will sell five jets. It expects the transaction to bolster its liquidity by $62 million. It will use proceeds to repay debt.

5 months ago