oslmgm
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Re: DY about to go bust?

Sun Mar 15, 2020 8:40 pm

BealineV953 wrote:
Does anyone know, what proposal was put to the Norwegian Government on Friday?
I can't find any details on the web.
Is the suggestion of nationalising Norwegian serious?
If so, all of it, or just the Norwegian AS party of it?


Nothing public, except that the CEO said that Norwegian needs economic help within weeks. I haven't seen any talk about nationalization.

The prime minister said in a press conference today the government will offer 100 billion NOK (around 10 billion USD) in guarantees for loans and bond issues to support the economy, but nothing in particular about airlines (or any other industry).

https://www.thisismoney.co.uk/wires/reu ... onomy.html
"The government will do what's needed and spend the necessary funds to secure the Norwegian economy and support Norwegian businesses, big and small," Prime Minister Erna Solberg told a news conference. (...) Further measures for industries that have been particularly hard hit will also be presented at a later time, Finance Minister Jan Tore Sanner said.
 
behramjee
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Re: DY Financial Discussion - 2020

Sun Mar 15, 2020 11:56 pm

Norway airports all closed for traffic effective tomorrow so now what will Norwegian do since LGW-USA is also closed https://www.forbes.com/sites/davidnikel ... ses-mount/
 
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Mortyman
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 12:30 am

It's not only Norwegian that strugles … some analysts claim that SAS will go bankrupt within few weeks if they do not get help ...
 
mattyfitzg
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 12:45 am

behramjee wrote:
Norway airports all closed for traffic effective tomorrow so now what will Norwegian do since LGW-USA is also closed https://www.forbes.com/sites/davidnikel ... ses-mount/


Put the engine covers on and hope for the best
 
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aemoreira1981
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 1:38 am

Mortyman wrote:
It's not only Norwegian that strugles … some analysts claim that SAS will go bankrupt within few weeks if they do not get help ...


I wouldn't be surprised. The EU rules on government aid to airlines will need to be suspended now that you have airlines basically at least temporarily closing up shop, including Norwegian, SAS, airBaltic, and soon TUI. Wideroe might also soon need aid too.
 
davidjohnson6
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 1:44 am

Lufthansa have said they will apply for state aid from the German Govt as well. The French Govt have stated Air France won't be allowed to fail. The Italian Govt are nationalising Alitalia. The rules on state aid to airlines have clearly been abandoned - the wishes of Brussels can be ignored
 
okobjorn
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 7:38 am

Is it too much to hope for an aligned structure of the state aid, i.e. same amount per aircraft, per employee or per station?
 
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Aesma
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 9:04 am

aemoreira1981 wrote:
Mortyman wrote:
It's not only Norwegian that strugles … some analysts claim that SAS will go bankrupt within few weeks if they do not get help ...


I wouldn't be surprised. The EU rules on government aid to airlines will need to be suspended now that you have airlines basically at least temporarily closing up shop, including Norwegian, SAS, airBaltic, and soon TUI. Wideroe might also soon need aid too.


EU state aid rules apply to all companies, farmers etc., not just airlines.
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
 
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Dahlgardo
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 9:18 am

I am a bit surprised that DY continues to operate many flights, at least here in Copenhagen (as do Ryanair).
I cannot imagine there are many passengers on those flights. It must cost them a fortune.

AFAIK they haven't announced any major cancellations, only the 3000 flights which is no where near the scale of cancellations SK just announced.

I suspect they are negotiating with the Norwegian government about financial aid, and that there will be a drastic change one of the next few days.
They must be running out of money very fast now.
leave your nines at home and bring your skills to the battle
 
Arion640
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 9:47 am

Dahlgardo wrote:
I am a bit surprised that DY continues to operate many flights, at least here in Copenhagen (as do Ryanair).
I cannot imagine there are many passengers on those flights. It must cost them a fortune.

AFAIK they haven't announced any major cancellations, only the 3000 flights which is no where near the scale of cancellations SK just announced.

I suspect they are negotiating with the Norwegian government about financial aid, and that there will be a drastic change one of the next few days.
They must be running out of money very fast now.


If the UK government gives any money out to UK airlines I can see Norwegian ending up with a chunk too.
1973-2020
 
skipness1E
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 12:32 pm

It’s not UK owned and it’s not well run and was likely to fail anyway. The last point is the criteria the govt are focussed on, which is why flybe were allowed to go to the wall
 
CXfirst
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 1:57 pm

Dahlgardo wrote:
I am a bit surprised that DY continues to operate many flights, at least here in Copenhagen (as do Ryanair).
I cannot imagine there are many passengers on those flights. It must cost them a fortune.

AFAIK they haven't announced any major cancellations, only the 3000 flights which is no where near the scale of cancellations SK just announced.

I suspect they are negotiating with the Norwegian government about financial aid, and that there will be a drastic change one of the next few days.
They must be running out of money very fast now.


Spoke too early.

7300 temporary layoffs and most flights (85%) cancelled going forward.

Will only operate a limited domestic schedule, and between the Scandinavian capitals, and perhaps, a few European destinations if demand is there. All intercontinental to be grounded, except flights to Thailand, which will also be grounded, just at a slightly later date.

https://newsweb.oslobors.no/message/498480
 
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vhtje
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 2:04 pm

CXfirst wrote:
Spoke too early.

7300 temporary layoffs and most flights (85%) cancelled going forward.

Will only operate a limited domestic schedule, and between the Scandinavian capitals, and perhaps, a few European destinations if demand is there. All intercontinental to be grounded...


That cannot be good.... the lease payments on those shiny new aircraft still have to be made, only now with 85% fewer flights, there is much less cash flowing in. Has Norwegian come to any sort of moratoria on its obligations with its lenders?
I only turn left when boarding aircraft. Well, mostly. All right, sometimes. OH OKAY - rarely.
 
f4f3a
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 2:39 pm

Merge with sas and re nationalise ?
 
factsonly
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 5:06 pm

Norwegian is flying some of its withdrawn B789 to base:

- 16 Mar 2020 CDG - OSL DY8982 B789 LN-LNO en-route
- 16 Mar 2020 AMS - SVG DY8985 B789 SE-RXZ en-route
- 15 Mar 2020 CDG - SVG DY8987 B789 LN-LNP Landed 19:36
- 14 Mar 2020 PIK - OSL DY8985 B789 LN-LNK Landed 19:18
- 13 Mar 2020 FCO - ARN DY8983 B789 LN-LNJ Landed 17:25
- 09 Mar 2020 JFK - OSL DY8988 B789 LN-LNX Landed 11.08

Source: FR24
 
minilinde
Posts: 174
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 8:34 pm

Dahlgardo wrote:
I am a bit surprised that DY continues to operate many flights, at least here in Copenhagen (as do Ryanair).
I cannot imagine there are many passengers on those flights. It must cost them a fortune.

AFAIK they haven't announced any major cancellations, only the 3000 flights which is no where near the scale of cancellations SK just announced.

I suspect they are negotiating with the Norwegian government about financial aid, and that there will be a drastic change one of the next few days.
They must be running out of money very fast now.


There are still some demand left, as people are getting back to their countries. That demand will however be gone really soon.

DY today communicated the following routes, effective from 25th of March:

Sweden:
· Stockholm - Kiruna: 4 weekly
· Stockholm - Luleå/Umeå: 2 weekly
· Stockholm - Helsingfors: 2 daily
· Stockholm - CPH: 2 daily
· Stockholm – Oslo: 2 daily

Norway:
· Oslo -Bergen/Stavanger/Trondheim: 4 daily
· Oslo - Ålesund/Bodø/Evenes/Tromsø: 2 daily
· Oslo -Alta/Kirkenes: 1 daily
· OSL - Haugesund/Kristiansand/Molde: 1 daily
· Oslo - Svalbard: 3 weekly
· Oslo -Stockholm/Köpenhamn: 2 daily
· Oslo - Helsingfors: 4 Weekly
· Stavanger – Bergen: 1 daily
· Bergen – Trondheim: 1 daily

Finland:
· Helsingfors - Kittilä: 6 weekly
· Helsingfors- Oulu: 1 daily
· Helsingfors- Rovaniemi: 1 daily
· Helsingfors - Oslo: 4 weekly

Denmark:
· Köpenhamn - Oslo: 2 weekly
Types flown: A318, A319, A320, A321, A32N, A333, A343, A359, A380, AT42, AT72, B717, B733, B735, B736, B737, B738, B739, B744, B748, B763, B772, B773, B788, B789, CRJ2, CRJ9, ERJ190, MD80s/90, RJ100
 
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Mortyman
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 8:45 pm

Norwegian has also sendt some of their Boeing 787 to bring home Norwegians from Spain and the Canary Islands I believe because of the Corona virus.
 
alo2yyz
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Re: DY Financial Discussion - 2020

Mon Mar 16, 2020 11:21 pm

I have a short-haul ticket on DY in June. Just received an email inviting me to cancel convert its value to Cashpoints. I noticed also that the change fee has been waived up to the end of November. Last time I looked at the site, the change fee waiver was only for spring flights (maybe through 4/30? I don't remember).
 
airsmiles
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 6:21 am

factsonly wrote:
Norwegian is flying some of its withdrawn B789 to base:

- 16 Mar 2020 CDG - OSL DY8982 B789 LN-LNO en-route
- 16 Mar 2020 AMS - SVG DY8985 B789 SE-RXZ en-route
- 15 Mar 2020 CDG - SVG DY8987 B789 LN-LNP Landed 19:36
- 14 Mar 2020 PIK - OSL DY8985 B789 LN-LNK Landed 19:18
- 13 Mar 2020 FCO - ARN DY8983 B789 LN-LNJ Landed 17:25
- 09 Mar 2020 JFK - OSL DY8988 B789 LN-LNX Landed 11.08

Source: FR24


LN-LNK has is operating BKK-OSL at the moment (6am Tuesday)
LN-LNN is operating a BCN-AGP short-haul
LN-LNR and LN-LNS are inbound to BCN from USA, so perhaps the last long-haul flights into BCN for a while.

All info per FR24.
 
Oykie
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 6:45 am

Norwegian press today speculates Norwegian might be saved by the Norwegian government. That would be surprising if true.
Dream no small dream; it lacks magic. Dream large, then go make that dream real - Donald Douglas
 
olle
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 8:45 am

Employees both for sk and dy that being sent home on temporarly basis the swedish government go in an pay salaries. This apply to many services and industries.

The hope is that industries, hotels and regarding this sk and dy shall not go bankrupt because of corona.
 
Asiaflyer
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 8:46 am

It would send very strange signals if the financial house of cards, which Norwegian is, would be saved by taxpayers money. Norwegian must go to their shareholders for more money or die. No reason to spend taxpayers money here.
 
BlueTrue
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 9:29 am

So should everything else be allowed to die?
 
LupineChemist
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 11:46 am

BlueTrue wrote:
So should everything else be allowed to die?


I don't know how much of a choice there will be. If I were the Norwegian govt, I'd be prioritizing SK over DY.

I think we may be back to truly national carriers before long that have to get re-privatized later
 
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Dahlgardo
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 12:34 pm

BlueTrue wrote:
So should everything else be allowed to die?


Airlines like DY, FR and actually also SK that are using flags of convenience for tax purposes should be the last to get state aid.
And if they got the aid, there should be many strings attached to it that would prevent future tax-avoidance and social dumping practices etc.
I would hate to see them go, but DY needs to get back to basics.
leave your nines at home and bring your skills to the battle
 
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DeltaMD90
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Re: DY Financial Discussion - 2020

Tue Mar 17, 2020 1:06 pm

It's a sticky situation. There are several camps... Bail them all out, let them all die, bail some out or in a limited capacity

The all or nothing options are easy enough, but usually absolutes ignore nuance.

I can see an argument being made that DY was in major trouble before the coronavirus and this only accelerated it. But maybe they would have limped along and why should ______ airline get aid but not DY? And Flybe went under, how is it fair to them?

(I realize there are different countries in the EU, and I know the Flybe situation isn't exactly the same.)

I know there are arguments for and against what I'm saying, and I'm not exactly sure where I stand, I'm just saying it's a sticky situation. Being 100% fair is difficult and differs from person to person
 
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Mortyman
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 1:09 am

The Norwegian government might get involved as they look at Norwegian as a critical national infrastructure. SAS I don't know, as Norway sadly is not part of SAS anymore. That said, I think they both should get help.
 
aircatalonia
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 6:29 am

We know this game already: profits are private but deficits are public (bailed out with national debt). At the same time we know taht national debts will never be paid off so it all boils down to being "too big to fail".
 
olle
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 6:35 am

Swedish and danish government will give loan garantees to SAS and as I assume the Norwegian parts that are registerred in their countries together with the rest of travel and hospitality industry. Sweden pays salary for the workers that temporarily leaves the work during the outbrake.
 
oslmgm
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 10:31 am

The office of the prime minister has summoned Norwegian and Parat (union representatives) to a meeting today at 1 pm, so we'll probably get some news in a couple of hours.

https://www.borsen.no/nyheter/hastemote ... g/72263640
 
Eikie
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 11:08 am

aircatalonia wrote:
We know this game already: profits are private but deficits are public (bailed out with national debt). At the same time we know taht national debts will never be paid off so it all boils down to being "too big to fail".

Can't speak for every country, but when we rescued the Banks, we, as a country, actually made money of of it.

It took a while, but the interest in the Liana and the added value when the banks went private again made it a positive investment for the country.
 
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vhtje
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 12:07 pm

Eikie wrote:
aircatalonia wrote:
We know this game already: profits are private but deficits are public (bailed out with national debt). At the same time we know taht national debts will never be paid off so it all boils down to being "too big to fail".

Can't speak for every country, but when we rescued the Banks, we, as a country, actually made money of of it.

It took a while, but the interest in the Liana and the added value when the banks went private again made it a positive investment for the country.


Yes, but there is a huge difference between banks and airlines in terms of how marginal each sector is. You cannot put the two on the same footing, it is comparing apples to oranges.
I only turn left when boarding aircraft. Well, mostly. All right, sometimes. OH OKAY - rarely.
 
leghorn
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 1:06 pm

Eikie wrote:
aircatalonia wrote:
We know this game already: profits are private but deficits are public (bailed out with national debt). At the same time we know taht national debts will never be paid off so it all boils down to being "too big to fail".

Can't speak for every country, but when we rescued the Banks, we, as a country, actually made money of of it.

It took a while, but the interest in the Liana and the added value when the banks went private again made it a positive investment for the country.

Ireland didn't. Government were advised to sell their shares but it was politically unpalatable due to the baying of the lefties and now the bank share prices have collapsed.
 
Kiwirob
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 3:48 pm

Oykie wrote:
Norwegian press today speculates Norwegian might be saved by the Norwegian government. That would be surprising if true.


I'd be disgusted if that happens, if the govt do hand them cash it should be for Norwegians Norwegian operations only, UK, Sweden, Long Haul, International shouldn't be included.
 
davidjohnson6
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 4:12 pm

I very much doubt that the Norwegian Govt will want to spend a single NOK on helping the transatlantic routes that do not touch Norway. The Norwegian Govt is answerable to the Norwegian people - and it would be very difficult for the Norwegian Govt to explain why taxes should be spent on flights between London and NYC
 
Oykie
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Joined: Sat Jan 07, 2006 9:21 am

Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 4:56 pm

Kiwirob wrote:
Oykie wrote:
Norwegian press today speculates Norwegian might be saved by the Norwegian government. That would be surprising if true.


I'd be disgusted if that happens, if the govt do hand them cash it should be for Norwegians Norwegian operations only, UK, Sweden, Long Haul, International shouldn't be included.


I believe that any deal with the government will need to be limited somehow. Very curious as to how this will happen. It is madness to cover all of Norwegians debt
Dream no small dream; it lacks magic. Dream large, then go make that dream real - Donald Douglas
 
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Mortyman
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 10:09 pm

davidjohnson6 wrote:
I very much doubt that the Norwegian Govt will want to spend a single NOK on helping the transatlantic routes that do not touch Norway. The Norwegian Govt is answerable to the Norwegian people - and it would be very difficult for the Norwegian Govt to explain why taxes should be spent on flights between London and NYC



Well the Norwegian government through Norway's oil fund invest in a lot of airlines around the world ( including US airlines )
 
oslmgm
Posts: 224
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 10:13 pm

Mortyman wrote:
davidjohnson6 wrote:
I very much doubt that the Norwegian Govt will want to spend a single NOK on helping the transatlantic routes that do not touch Norway. The Norwegian Govt is answerable to the Norwegian people - and it would be very difficult for the Norwegian Govt to explain why taxes should be spent on flights between London and NYC



Well the Norwegian government through Norway's oil fund invest in a lot of airlines around the world ( including US airlines )

Only if it's believed to be a long term profitable investment. Norwegian Air hasn't met that criteria at all.
 
vadheim
Posts: 553
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Re: DY Financial Discussion - 2020

Wed Mar 18, 2020 10:54 pm

They will help Norwegian because they provide essential infrastructure in Norway (domestic routes primarily - where they actually started) as well as employing 10000 people or so from their Oslo HQ. They also give SAS competition in favour for people with no other transport alternative.
 
Kiwirob
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 9:26 am

vadheim wrote:
They will help Norwegian because they provide essential infrastructure in Norway (domestic routes primarily - where they actually started) as well as employing 10000 people or so from their Oslo HQ. They also give SAS competition in favour for people with no other transport alternative.


I don't believe for one second that Norwegian have 10,000 Norwegian based employees, more to the point Norwegian based crew who are either Norwegian citizens or permanent residents.
 
oslmgm
Posts: 224
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 10:10 am

Lars Nehru Sand, political commentator for NRK (Norwegian Broadcasting Corporation) reported from the parliament today.
My summary and translation, so it's probably not 100% accurate:

There is currently no solution to Norwegian Air's need for money. There's no majority in the parliament to directly support Norwegian, a company with huge debt and self inflicted growing pains due to its international expansion.
Other solutions will have to be found. Loan guarantees have been discussed, but this is something the parliament believes the government should examine before sending it to the parliament.

The government buying the company, and selling it once the situation has stabilized, has also been debated, not least now that the share price is so low, but there's not a majority for that either.

(NRK1, 10:05 am)
https://tv.nrk.no/
 
LHRLAXSYD
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 11:00 am

Let Norwegian die. Inject and expand Wideroe.
 
peterinlisbon
Posts: 1715
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 11:14 am

I hope they will save it. They created that oil fund for something, no? If they have the money it would actually be a good investment, because whoever is left after these 3 months of carnage will have much less competition. If you look at what happened in China, you can see that we're facing 3 months of total shutdown and then a gradual recovery.
 
airsmiles
Posts: 95
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 11:17 am

There’s point in wasting the oil fund on a lost cause. Airlines will struggle for a long time to come, so capacity reduction and airline consolidation are bound to follow.
 
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atcsundevil
Moderator
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 4:47 pm

Please keep the thread on topic.

✈️ atcsundevil
 
Someone83
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 7:35 pm

The Norwegian government will provide up to 3 billion NOK in loan guaranties to Norwegian, although their are some conditions attached such as improved equity
 
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Mortyman
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 7:48 pm

Tonight it became clear that the government of Norway will provide loan guarantees of NOK 6 billion to airlines with Norwegian operating permits.

Norwegian can access NOK 3 billion

SAS NOK 1.5 billion

Other companies NOK 1.5 billion

The loan guarantees come with a number of conditions for the companies.

Among other things, the companies are required to have an equity ratio of at least 8 per cent at the end of the last quarter. 10 per cent of the loan must be financed by banks or other commercial counterparties.

The warranty of Norwegian is divided into three stages:

- In the first phase, they receive a guarantee of NOK 300 million, with no conditions other than finding someone else who can finance the last 10 percent of the loan.

- In the second phase, up to NOK 1.2 billion will be made available, provided that the company's creditors repay interest and make installments over a three-month period.

- The third phase requires Norwegian to be able to increase its equity.


Only SAS and Widerøe satisfy the equity requirement.

https://www.nrk.no/norge/regjeringen-me ... 1.14953033
 
a350lover
Posts: 768
Joined: Sun Dec 24, 2017 11:21 am

Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 8:55 pm

Mortyman wrote:

The warranty of Norwegian is divided into three stages:

- In the first phase, they receive a guarantee of NOK 300 million, with no conditions other than finding someone else who can finance the last 10 percent of the loan.

- In the second phase, up to NOK 1.2 billion will be made available, provided that the company's creditors repay interest and make installments over a three-month period.

- The third phase requires Norwegian to be able to increase its equity.


Only SAS and Widerøe satisfy the equity requirement.

https://www.nrk.no/norge/regjeringen-me ... 1.14953033


Do you think @Mortyman Norwegian is likely to be able to accomplish with all that?
 
UPNYGuy
Posts: 307
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 8:59 pm

Do they mean immediately have positive equity? Or lower the debt.
 
mandyhaslott
Posts: 30
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Re: DY Financial Discussion - 2020

Thu Mar 19, 2020 9:01 pm

Mortyman wrote:
Tonight it became clear that the government of Norway will provide loan guarantees of NOK 6 billion to airlines with Norwegian operating permits.

Norwegian can access NOK 3 billion

SAS NOK 1.5 billion

Other companies NOK 1.5 billion

The loan guarantees come with a number of conditions for the companies.

Among other things, the companies are required to have an equity ratio of at least 8 per cent at the end of the last quarter. 10 per cent of the loan must be financed by banks or other commercial counterparties.

The warranty of Norwegian is divided into three stages:

- In the first phase, they receive a guarantee of NOK 300 million, with no conditions other than finding someone else who can finance the last 10 percent of the loan.

- In the second phase, up to NOK 1.2 billion will be made available, provided that the company's creditors repay interest and make installments over a three-month period.

- The third phase requires Norwegian to be able to increase its equity.


Only SAS and Widerøe satisfy the equity requirement.

https://www.nrk.no/norge/regjeringen-me ... 1.14953033


So when you say Norwegian, you mean only for NAN & NAS? NAI, NSE & NUK won’t get a penny? If that is correct, do you think Norwegian will “move things around” to ensure these three subsidiaries get a piece of the action? I’m just interested to know because there will be huge political ramifications if Irish, Swedish & UK airlines get wind of a foreign government propping up one of their competitors on their own turf.

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Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos