Magma Aviation – Air Atlanta Icelandic Boeing 747-481 (F) TF-AMP (msn 24801) HHN (Rainer Bexten). Learn how your comment data is processed. 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. Just Us Air Airbus A321-231 YR-NTS (msn 1153) PMI (Javier Rodriguez). 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. 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. 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.” Image: 946928. 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. Latest news. 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. 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… In October, 319,477 customers flew with Norwegian, a decrease of … Change ), You are commenting using your Facebook account. Norwegian Air Shuttle ASA : (NAS) has successfully been made subject to a supplementary reconstruction process in Norway. Image: 948019. 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. 12/08: Norwegian Air gets additional creditor protection to deal with debt: RE. Image: 946950. La compagnie aérienne à bas coûts Norwegian Air Shuttle a révélé jeudi les détails du plan de restructuration qui, espère-t-elle, lui permettra de survivre à la pandémie de Covid-19. ( Log Out /  In October, 319,477 customers flew with Norwegian, a decrease of … Best). Post was not sent - check your email addresses! The latest breaking news, comment and features from The Independent. Norwegian on December 8, 2020 filed for a reconstruction under Norwegian law. 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. Image: 946910. In October,... Norwegian’s traffic figures for September are heavily influenced by lower demand caused by new and stricter travel restrictions across Europe. Image: 946905. Image: 105379. Framable Prints and Posters. Norwegian Air Shuttle Bankruptcy News Monitoring. Image: 948358. Roots Air (Skyservice) Airbus A320-232 C-FRAA (msn 1411) YYZ (TMK Photography). It is the fourth largest low-cost carrier in Europe behind Wizz Air, easyJet and Ryanair, and is the largest airline in Scandinavia, and the ninth-largest airline in Europe in terms of passenger numbers. This site uses Akismet to reduce spam. United Airlines Boeing 737-824 SSWL N36272 (msn 31590) (Star Wars – The Rise of Skywalker) SNA (Michael B. Ing). The Company will continue to operate its route network. Air Malta (2nd) (JAT) Boeing 727-2H9 YU-AKL (msn 22666) ZRH (Rolf Wallner). Low-cost carrier Norwegian Air Shuttle released the details of its bailout plan on Monday. Image: 946919. Norwegian Air Shuttle initiates a reorganization process in Norway | World Airline News Norwegian on December 8, 2020 filed for a reconstruction under Norwegian law. This was announced in a notice to the Stock Exchange. Delta Air Lines Airbus A220-100 (CS100 BD-500-1A10) N105DU (msn 50024) SEA (Michael B. Ing). 12/08: NORWEGIAN AIR SHUTTLE ASA: (NAS) - Conversion of vendor debt: AQ. Norwegian Air Shuttle ASA dropped as much as 60% after completing a recapitalization that hands control of the company to aircraft lessors and bondholders. ( Log Out /  View real-time stock prices and stock quotes for a full financial overview. We will be ready to meet the competition for customers after the COVID-19 pandemic,” said Schram. André Orban - 1 July 2020 1 Norwegian Air Shuttle has resumed flights to Oslo and Copenhagen. Read full articles, watch videos, browse thousands of titles and more on the "Norwegian Air Shuttle" topic with Google News. 12/03: Norwegian Air aims to restructure, sell planes and shares in bid to survive : RE. Ethiopian Airlines Boeing 777-360 ER ET-ASL (msn 44551) BRU (Ton Jochems). 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. Star East Airlines Airbus A320-231 YR-SEA (msn 357) AYT (Ton Jochems). Change ), You are commenting using your Google account. The global outbreak of COVID-19 that took hold across the aviation industry throughout March has heavily influenced Norwegian´s traffic figures. “A supplementary reconstruction process under Norwegian law will be to the benefit of all parties and will increase the likelihood of a successful result. Norwegian filed for the Irish Examinership on November 18, 2020. Norwegian Air Shuttle ASA risks becoming a casualty of the global aviation crisis after the state rejected a request for a second multi-billion krone rescue package. 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. Trouvez des vols pas chers depuis la France vers plus d'une centaine de destinations dans le monde. Image: 946916. An extraordinary general meeting in Norwegian Air Shuttle ASA will be held on Thursday 17 December 2020 at 10:00 AM (CET). Change ). 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. 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 The processes will not have an impact on the current business. 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.” The decision has helped spike the price of DY stock. Air Commerce Sarajevo (JAT) Boeing 727-2H9 YU-AKE (msn 21037) ZRH (Rolf Wallner). The government on Nov. 9 rejected Norwegian's plea for an additional injection of cash. Image: 944176. 12/03: NORWEGIAN AIR SHUTTLE: … Image: 947992. Norwegian Air Shuttle ASA [needs IPA] (OSE: NAS), trading as Norwegian, is a Norwegian low-cost airline and Norway's largest airline. No Comments. Norwegian Air Shuttle issued this report: Norwegian’s traffic figures for October are heavily influenced by lower demand caused by continued travel restrictions across Europe, with several new red zones. 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. Skybus Airlines (3rd) Airbus A319-112 N553SX (msn 3171) BUR (Michael B. Ing). All news about NORWEGIAN AIR SHUTTLE ASA: 11:38a: TIMELINE-Norwegian Air's rise and battle for survival: RE. In August, capacity... Norwegian today reported its results for the first half year of 2020. Norwegian Air Shuttle (DY) last week filed preliminary long-haul schedule for summer 2021 season. Christmas bookings look promising. 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. West Atlantic Cargo Airlines (UK) Boeing 737-83N WL BCF G-NPTB (msn 32609) LGG (Ton Jochems). The decision has helped spike the price of DY stock. Image: 941946. PSA (Pacific Southwest Airlines) McDonnell Douglas DC-9-81 (MD-81) N934PS (msn 48042) SJC (Bruce Drum). Airline Videos, Route Maps and Aircraft Slide Shows. Image: 947865. 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. This process will coexist with the Irish Examinership process. Réservez votre vol chez Norwegian dès aujourd'hui ! Image: 100980. By Glenn Sands October 4, 2020 General News. 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. Next step for struggling Norwegian Air Shuttle: nationalization? Aer Lingus Airbus A330-302 EI-EDY (msn 1025) JFK (Robbie Shaw). 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. Change ), You are commenting using your Twitter account. Image: 948548. Image: 103289. Press Release December 8, 2020 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. Get by Email • RSS. Image: 948273. Image: 948198. 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. Norwegian resumes Stavanger – Copenhagen from late-March 2020. 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). Sundair Airbus A320-214 D-ASMR (msn 2619) AYT (Andi Hiltl). Sorry, your blog cannot share posts by email. Stock analysis for Norwegian Air Shuttle ASA (NAS:Oslo) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Midwest Connect-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N498CA (msn 7792) CLE (Angelo Ballachino). The Norwegian story began over 27 years ago - we were founded in 1993 but only began operating as a low-cost carrier with bigger Boeing 737 aircraft in 2002. Tibet Airlines Airbus A319-115 WL B-6451 (msn 5855) TSN (Michael B. Ing). Preliminary schedule tentatively lists US routes... Read more. Azur Air Boeing 777-31H ER VQ-BZD (msn 32713) AYT (Andi Hiltl). S7 Airlines (Siberia Airlines) Airbus A321-271N WL VQ-BGU (msn 8620) AYT (Andi Hiltl). 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. Image: 944466. 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 … Britannia Airways Boeing 757-204 G-BYAY (msn 28836) LGW (Antony J. Norway’s government said it … 11:35a: Irish court grants Norwegian Air creditor protection: RE. SalamAir Airbus A320-251N F-WWDM (A40-OVI) (msn 9197) TLS (Paul Bannwarth). Image: 952095. Iraqi Airways Airbus A330-202 YI-AQY (msn 1339) AYT (Arnd Wolf). Both its bonds and shares will continue to trade as normal on the Oslo Stock Exchange. (iflygo.com) (Mesa Air Group) Bombardier CRJ200 (CL-600-2B19) N407SW (msn 7034) LAX (Ron Monroe). Norwegian Air Shuttle issued this report: Norwegian’s traffic figures for October are heavily influenced by lower demand caused by continued travel restrictions across Europe, with several new red zones. View real-time stock prices and stock quotes for a full financial overview. News & Advice. 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. 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 … Air France KLM Martinair Cargo launches world’s first SAF program for the airfreight industry, Final British Airways Boeing 747 arrives at its new home in Wales, UPS is ready for seasonal deliveries including vaccines, PAL Airlines announces enhanced winter schedule for Atlantic Canada and Quebec, United starts again to take Boeing 737 MAX deliveries, Last hurrah for the BA 1984 Landor livery as G-BNLY arrives at Dunsfold, airBaltic announces its summer 2021 schedule, traffic down 88%, Former Champion Air Boeing 727-200 is intentionally crashed in the Mexican desert near Mexicali, Finnair has been granted credit support in excess of 100 million euros, FedEx to ship first wave of COVID-19 vaccines across the United States, KOMO News: Report raises new questions about structural integrity of Boeing 787 Dreamliner, Lufthansa is considering to retire it’s entire Airbus A380 and Boeing 747-400 fleet, "La Belle Azul" pink livery for breast cancer awareness, Eritrean's first Airbus A330 in a new livery, First aircraft in FIFA World Cup Qatar 2022 livery, 2020 drawings and designs from artist SUMO (Christian Pearson), "Tibarama", Aircalin's first Airbus A320neo, "Mt Elgon" - new Uganda Airlines' first Airbus A330-800, CAA's first Airbus A330-200, ex Air Europa, "Hauptstadtflieger" ("Capital City Plane") for the first LH flight to new Berlin Airport (BER) from MUC, 1st A320neo, delivered September 28, 2020, in service October 25, 2020 KIX-CTS. 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