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Norwegian on December 8, 2020 filed for a reconstruction under Norwegian law. Norwegian has today filed for reconstruction under Norwegian law. ( Log Out /  In August, capacity... Norwegian today reported its results for the first half year of 2020. Published on 16:16 GMT. Norwegian Air Shuttle Bankruptcy News Monitoring. Airline Videos, Route Maps and Aircraft Slide Shows. Best). The government of Norway is considering taking a stake of Norwegian Air as a measure to temporarily nationalise the air carrier while it is still unable to claw its way out of a financial trouble. Sorry, your blog cannot share posts by email. Our aim is to secure jobs in the company and to contribute to securing critical infrastructure and value creation in Norway,” said Norwegian CEO, Jacob Schram. Your Central Hub for the Latest News and Photos powered by AirlinersGallery.com Images. Roots Air (Skyservice) Airbus A320-232 C-FRAA (msn 1411) YYZ (TMK Photography). Trouvez des vols pas chers depuis la France vers plus d'une centaine de destinations dans le monde. Nordwind Airlines Boeing 777-2Q8 ER VP-BJG (msn 32718) AYT (Andi Hiltl). MIAMI – Norwegian Air Shuttle (DY) shares were trading 82% higher in Oslo today, offsetting this year’s stock price downfall of 97%.. On December 8, the Irish High Court granted creditor protection to Norwegian Air International (D8) and the Group’s Irish subsidiaries. (iflygo.com) (Mesa Air Group) Bombardier CRJ200 (CL-600-2B19) N407SW (msn 7034) LAX (Ron Monroe). Change ), You are commenting using your Twitter account. The decision has helped spike the price of DY stock. An independent accountant's report shows that the liquidation and writeoff of DY assets would leave it with a deficit of US$7.1bn (€5.98bn), effectively eliminating any possibility of creditors collecting… The COVID-19 situation is escalating by the hour and due to stagnating demand and enforced travel restrictions by authorities worldwide, Norwegian will gradually cancel... Norway announced on Saturday that it will close its ports and airports and tighten its land border controls starting Monday, due to the Covid-19... Norwegian initiates reorganisation process in Norway, COVID-19 continues to impact Norwegian Air’s traffic figures, Norwegian daughter companies seek bankruptcy protection in Ireland, Decimated Norwegian forced to furlough an additional 1,600 employees, Uncertain future for Norwegian after government turns off the money tap, COVID-19 continues to heavily impact Norwegian’s traffic figures: 90% fewer passengers in October, COVID-19 heavily impacts Norwegian’s September traffic figures (-90%), Norwegian commits to reduce CO2 emissions by 45 percent by 2030, Norwegian August 2020 traffic figures heavily influenced by travel restrictions and drop in demand, Norwegian posts first half year 2020 results: 71 percent passenger decline, 8,000 furloughed or laid off employees and 140 grounded aircraft, Norwegian extends cooperation with Lufthansa Technik, Off from Berlin Schönefeld to Scandinavia with Norwegian from 1 July, Norwegian cancels order for 92 Boeing 737 MAX and five Boeing 787-9 aircraft, Norwegian to restart short-haul flights from the UK and serve a wider European network from July, Norwegian finalises recapitalisation and secures state aid, Norwegian Air lays off 4,700 pilots and crew members, declares Swedish and Danish subsidiaries bankrupt, [Coronavirus] Norwegian March traffic figures heavily influenced by COVID-19 measures, [Coronavirus] Norwegian to cancel 85 percent of its flights and temporarily lay off approximately 7,300 employees, Coronavirus: Norway to close all its airports, as well as seaports, from Monday at 08:00, The EcoPulse™ hybrid aircraft demonstrator achieves its first key milestone with success, British Airways partners with ZeroAvia to speed-up the switch to hydrogen-powered passenger aircraft, First Berlin Brandenburg results: Eurowings flies to the top, European Commission approves €106.7 million restructuring aid and €30.2 compensation for damages suffered by Corsair due to coronavirus outbreak, Air Saint-Pierre takes delivery of a new ATR 42-600, KLM steward arrested in Singapore for not respecting coronavirus rules, Suspicious situation onboard an aircraft at Amsterdam Schiphol, passengers evacuated, French Air Force auctions two Airbus A340-200’s for an interesting price, One arrest after bomb threat on KLM Boeing 737 at Amsterdam Schiphol, Belgium reclassifies Guadeloupe and Martinique from RED to ORANGE, just in time for Air Belgium to resume its flights, Latest aviation news • Alitalia saved by the Government and reborn as ITA, Plane spotting - Belgium • OST 12/12/2020, Plane spotting - Belgium • BRU 12/12/2020, Plane spotting - Belgium • ANR 12/12/2020, Latest aviation news • Start-up, new airlines, Plane spotting - Belgium • LGG 15/12/2020 ELAI 789, Latest aviation news • Trivia 2020 (miscellaneous news), Latest aviation news • Impact of the coronavirus crisis on aviation, Plane spotting - Belgium • CRL 12/12/2020. The airline’s capacity was 560 million, representing a 94% steep dive when compared to July 2019. Image: 941946. MIAMI – Norwegian Air Shuttle (DY) shares were trading 82% higher in Oslo today, offsetting this year’s stock price downfall of 97%.. On December 8, the Irish High Court granted creditor protection to Norwegian Air International (D8) and the Group’s Irish subsidiaries. The global outbreak of COVID-19 that took hold across the aviation industry throughout March has heavily influenced Norwegian´s traffic figures. Airline Photo Galleries and Aircraft Slide Shows, From KOMO News: Report raises new questions about structural integrity of Boeing 787 Dreamliner https://komonews.com/news/local/report-raises-new-questions-about-structural-integrity-of-boeing-787-dreamliner, From Air Live. Norwegian Air Shuttle (DY) last week filed preliminary long-haul schedule for summer 2021 season. Norwegian Air, which last week sought court-administered bankruptcy protection as the carrier seeks to stave off collapse, has already received a maximum 3 billion crowns ($333.7 million) allotment under the plan. OSLO: Norwegian Air Shuttle ASA, following the interim protection granted by the Irish courts on 18th November 2020, was yesterday on 7th December 2020 successfully made subject to the examinership process which is a cornerstone of the reorganization plan. The government of Norway today announced that Norwegian will not receive further financial support, which Norwegian had clearly communicated was necessary to maintain operations... Norwegian’s traffic figures for October are heavily influenced by lower demand caused by continued travel restrictions across Europe, with several new red zones. What’s the next step for Norwegian Air Shuttle? SalamAir Airbus A320-251N F-WWDM (A40-OVI) (msn 9197) TLS (Paul Bannwarth). This site uses Akismet to reduce spam. Avantiair Fokker F.28 Mk. Skybus Airlines (3rd) Airbus A319-112 N553SX (msn 3171) BUR (Michael B. Ing). United Airlines Boeing 737-824 SSWL N36272 (msn 31590) (Star Wars – The Rise of Skywalker) SNA (Michael B. Ing). (Boursier.com) — L 'avenir de Norwegian Air Shuttle s'écrit clairement en pointillés. Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a financial restructuring. Norwegian Air Shuttle ASA [needs IPA] (OSE: NAS), trading as Norwegian, is a Norwegian low-cost airline and Norway's largest airline. johan nilsson / tt news agency / afp Embattled low-cost carrier Norwegian Air Shuttle said Tuesday it had secured bankruptcy protection in Norway, after recently receiving a … Image: 946950. Norwegian Air Shuttle (im Außenauftritt Norwegian) ist eine norwegische Billigfluggesellschaft mit Sitz in Fornebu, Bærum und Basis auf dem Flughafen Oslo-Gardermoen. Learn how your comment data is processed. Norwegian Air Passenger Numbers Plunge 90% in July Norwegian Air Shuttle announced traffic figures for July on Thursday. Image: 952095. Midwest Connect-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N498CA (msn 7792) CLE (Angelo Ballachino). Image: 948198. November 18, 2020, 8:12 AM • 2 min read COPENHAGEN, Denmark -- Low-cost carrier Norwegian Air Shuttle said Wednesday it is seeking restructuring and bankruptcy protection in Ireland, where its fleet is held, saying the decision was “in the interest of its stakeholders.” S7 Airlines (Siberia Airlines) Airbus A321-271N WL VQ-BGU (msn 8620) AYT (Andi Hiltl). Image: 946916. Image: 948003. Image: 951037. Just Us Air Airbus A321-231 YR-NTS (msn 1153) PMI (Javier Rodriguez). The Board of Directors of Norwegian Air Shuttle ASA ("Norwegian" or the "Company") is today proposing a plan and set of actions that secures current and future travelers and ultimately will potentially enable the company to exit its current Irish Examinership process through implementations that aim to right-size the company operations at a level of proven profitability. 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The Company will continue to operate its route network. (Bloomberg Opinion) -- Norwegian Air Shuttle ASA introduced a generation of travelers to $65 one-way transatlantic airfare and the idea of hopping from New York to the Caribbean, with wifi, for even less. We will be ready to meet the competition for customers after the COVID-19 pandemic,” said Schram. The airline’s capacity was 560 million, representing a 94% steep dive when compared to July 2019. 12/03: Norwegian Air aims to restructure, sell planes and shares in bid to survive : RE. As described inter alia in the Company’s prospectus dated 5 May 2020 and the stock exchange notices dated 20 May 2020, 17 June 2020, 17 July 2020, 6 August 2020 and 23 October 2020 the Company has been working with vendors … The figures are as expected heavily impacted by the COVID-19 pandemic with... Five more years of Total Base Maintenance Support (TBS®) for the Boeing 737NG Norwegian Air Shuttle ASA and Lufthansa Technik have extended their cooperation for... Norwegian Air Shuttle has resumed flights to Oslo and Copenhagen. ( Log Out /  Stock analysis for Norwegian Air Shuttle ASA (NAS:Oslo) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Norwegian Air Shuttle Flew Too Close to the Sun BNN Bloomberg 23:54 Thu, 19 Nov. Norwegian Air’s Luck Runs Out, Files for Bankruptcy in Ireland Skift 17:33 Thu, 19 Nov. Norwegian Air Is the Latest Trans-Atlantic Carrier to File for Bankruptcy in 2020 Barron's Online 08:12 Thu, 19 Nov. 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Framable Prints and Posters. The government on Nov. 9 rejected Norwegian's plea for an additional injection of cash. Representational image (AFP) Low-cost Norwegian Air Shuttle files for bankruptcy protection 1 min read. The Court also extended the creditor protection to parent airline DY. The latest breaking news, comment and features from The Independent. View real-time stock prices and stock quotes for a full financial overview. Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said Wednesday. ( Log Out /  Image: 948358. The government on Nov. 9 rejected Norwegian's plea for an additional injection of cash. Norwegian Air secures bankruptcy protection in Norway. The government of Norway considers taking a stake of Norwegian Air as a measure to temporarily nationalize the air carrier while it is still unable to claw its way out of a financial pit of despair. Alitalia (3rd) (Societa Aerea Italiana) Boeing 777-3Q8 ER EI-WLA (msn 35783) JFK (Robbie Shaw). Delta Air Lines Airbus A220-100 (CS100 BD-500-1A10) N105DU (msn 50024) SEA (Michael B. Ing). Norwegian airline on brink as government in Oslo rejects extra funding. André Orban - 1 July 2020 1 Norwegian Air Shuttle has resumed flights to Oslo and Copenhagen. Image: 944176. (Bloomberg Opinion) -- Norwegian Air Shuttle ASA introduced a generation of travelers to $65 one-way transatlantic airfare and the idea of hopping from New York to the Caribbean, with wifi, for even less. Starting on 1 July, there will initially be three flights a week... Norwegian cancels order for 92 Boeing 737 MAX and five Boeing 787-9 aircraft This process will coexist with the Irish Examinership process. West Atlantic Cargo Airlines (UK) Boeing 737-83N WL BCF G-NPTB (msn 32609) LGG (Ton Jochems). No Comments. Image: 948143. LONDON - The liquidation of Norwegian Air Shuttle (DY), as court documents show, would leave a deficit of €6bn and write off most of its assets. Réservez votre vol chez Norwegian dès aujourd'hui ! Lufthansa is considering to retire it’s entire Airbus A380 and Boeing 747-400 fleet. Air Malta (2nd) (JAT) Boeing 727-2H9 YU-AKL (msn 22666) ZRH (Rolf Wallner). Norwegian Air Shuttle ASA introduced a generation of travelers to $65 one-way transatlantic airfare and the idea of hopping from New York to the Caribbean, with wifi, for even less. Image: 947992. View real-time stock prices and stock quotes for a full financial overview. Azur Air Boeing 777-31H ER VQ-BZD (msn 32713) AYT (Andi Hiltl). Image: 948273. 12/08: NORWEGIAN AIR SHUTTLE ASA: (NAS) - Conversion of vendor debt: AQ. Cutting CO2 emissions by 45... Norwegian’s traffic figures for August are heavily influenced by the COVID-19 outbreak and the subsequent travel restrictions and drop in demand. Following Norwegian being made subject to the... Norwegian’s traffic figures for November are heavily influenced by lower demand caused by continued travel restrictions across Europe. Norwegian expanded across the globe as the airline launched short-haul services across Europe and then entered the long-haul sector serving the US, Asia and South America. Norwegian Air Shuttle seeks restructuring, bankruptcy protection November 18, 2020 Low-cost carrier Norwegian Air Shuttle said Wednesday it is seeking restructuring and bankruptcy protection in Ireland, where its fleet is held, saying the decision was “in the interest of its stakeholders.” Norway’s government said it … Reference is made to the previous stock exchange announcements by Norwegian Air Shuttle ASA (the "Company") regarding conversion of debt to equity. The Company will continue to operate its route network. Low-cost carrier Norwegian Air Shuttle released the details of its bailout plan on Monday. Following Norwegian being made subject to the examinership process in Ireland on December 7, 2020 the company now wants to enter into a supplementary Norwegian reconstruction process. Norwegian flights could be in jeopardy as the low-cost airline fights for survival. NWARF | Complete Norwegian Air Shuttle ASA stock news by MarketWatch. ( Log Out /  Image: 944466. (Sharecast News) - Norwegian Air Shuttle warned on Friday that it could go bust despite a government bailout, as it reported its first-half results. Norwegian Air Shuttle ASA [needs IPA] (OSE: NAS), trading as Norwegian, is a Norwegian low-cost airline and Norway's largest airline. Ex-Norwegian Air Shuttle investor to launch new Norwegian carrier Share this news A new airline should become a strong operator of Norway’s domestic routes as well as direct flight operations in Europe, according to a press release on October 7, 2020. 12/08: Norwegian Air gets additional creditor protection to deal with debt: RE. Shares in Norwegian Air Shuttle NAS, -5.61% plunged almost 20% on Monday, after the cash-strapped carrier warned it was facing a “very uncertain” future. Image: 902983. go! Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a financial restructuring. Norwegian Air, which last week sought court-administered bankruptcy protection as the carrier seeks to stave off collapse, has already received a maximum 3 billion crowns ($333.7 million) allotment under the plan. Image: 105379. Get by Email • RSS. PSA (Pacific Southwest Airlines) McDonnell Douglas DC-9-81 (MD-81) N934PS (msn 48042) SJC (Bruce Drum). Read more; Advance votes or Proxy may be registered here; Live virtual attendance on the EGM here; Annual General Meeting. 12/08: News & Advice. By Glenn Sands October 4, 2020 General News. NWARF | Complete Norwegian Air Shuttle ASA stock news by MarketWatch. Image: 100980. Star East Airlines Airbus A320-231 YR-SEA (msn 357) AYT (Ton Jochems). The Board of Directors of Norwegian Air Shuttle ASA ("Norwegian" or the "Company") is today proposing a plan and set of actions that secures current and future travelers and ultimately will potentially enable the company to exit its current Irish Examinership process through implementations that aim to right-size the company operations at a level of proven profitability. mid 2019, North Star Air – Toy for the North Update, Moncton airport gets 2 new routes to Newfoundland and Labrador, Transat A.T. 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NAC-Northern Air Cargo Boeing 767-323 ER WL N379CX (msn 25199) MIA Ken Petersen). In October,... Norwegian’s traffic figures for September are heavily influenced by lower demand caused by new and stricter travel restrictions across Europe. Share this news The government of Norway considers taking a stake of Norwegian Air as a measure to temporarily nationalize the air carrier while it is still unable to claw its way out of a financial pit of despair. 12/03: Norwegian Air Shuttle ( DY ) last week filed preliminary long-haul schedule for summer season. Southwest Airlines ) McDonnell Douglas DC-9-81 ( MD-81 ) N934PS ( msn 5855 ) TSN ( Michael Ing. Articles, watch Videos, route Maps and Aircraft Slide Shows and Aircraft Slide.. Of its bailout plan on Monday first half year of 2020 government on Nov. 9 rejected 's. For summer 2021 season a total of 356,093 passengers, 90 % in July Norwegian Air gets additional creditor to. 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