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Someone83
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Re: Norwegian News and Discussion Thread - 2021

Tue Jan 19, 2021 9:37 am

The court in Dublin has approved the liquidation of Torskefjord Leasing Ltd (Torskefjord = Cod Fjord) that has the leasing contract for 24 787s, which again was subleased to IC operation of Norwegian

https://www.irishtimes.com/business/tra ... 4?mode=amp

It is not completely clear to me, but does that mean Norwegian then has got rid of the leasing obligation for 24 787s?
 
Blerg
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Re: Norwegian News and Discussion Thread - 2021

Tue Jan 19, 2021 8:53 pm

What will become of these planes? Were they leased from someone? I can't imagine they owned them all.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Tue Jan 19, 2021 9:02 pm

Blerg wrote:
What will become of these planes? Were they leased from someone? I can't imagine they owned them all.


You mean Torskefjorden? They only had leased aircraft. This was basically an Irish company set up on purpose to lease 787, which other Norwegian entities then could sub-lease
 
Blerg
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Re: Norwegian News and Discussion Thread - 2021

Thu Jan 21, 2021 5:12 am

Someone83 wrote:
Blerg wrote:
What will become of these planes? Were they leased from someone? I can't imagine they owned them all.


You mean Torskefjorden? They only had leased aircraft. This was basically an Irish company set up on purpose to lease 787, which other Norwegian entities then could sub-lease


Thanks so who owned the planes they were leasing?
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Thu Jan 21, 2021 7:06 am

Blerg wrote:
Someone83 wrote:
Blerg wrote:
What will become of these planes? Were they leased from someone? I can't imagine they owned them all.


You mean Torskefjorden? They only had leased aircraft. This was basically an Irish company set up on purpose to lease 787, which other Norwegian entities then could sub-lease


Thanks so who owned the planes they were leasing?


Various leasing companies, like BOC, MG Aviation, AerCap etc
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Thu Jan 21, 2021 8:04 am

The Norwegian government has today said they are positive to provide Norwegian hybrid capital, dependent on Norwegian can raise minimum 4,5 billion NOK from private investors and cut their debt according to their newest recontruction plan

https://media.uk.norwegian.com/pressrel ... nt-3066398
 
Mortyman
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Re: Norwegian News and Discussion Thread - 2021

Thu Jan 21, 2021 4:23 pm

Someone83 wrote:
The Norwegian government has today said they are positive to provide Norwegian hybrid capital, dependent on Norwegian can raise minimum 4,5 billion NOK from private investors and cut their debt according to their newest recontruction plan

https://media.uk.norwegian.com/pressrel ... nt-3066398


A fairly sharp turn from the government :-)
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Wed Jan 27, 2021 12:40 pm

Some more details about their planned restructuring has emerged during a hearing at the court in Oslo today (remember they are restructuring in the courts both in Norway and Ireland) and this is what is written in the Norwegian financial press

50 aircraft, 737s, in 2021, and 68 in 2022. Of these 68, 40 will be based in Norway, while 28 will mainly be flying between the Nordics and rest of Europe

Reduction of total debt from 60 billion NOK (almost 6 billion EUR) to 20 NOK. Of this, the debt related to aircraft will be reduced from 46 t0 10 BNOK, by returning both owned and leased aircraft, and enter into new and cheaper leasing contracts

Norwegian and Boeing will also have their first encounter at the court in Chicago later today, as Norwegian is suing Boeing over both the 787s and MAXes
 
davidjohnson6
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Re: Norwegian News and Discussion Thread - 2021

Wed Jan 27, 2021 12:45 pm

I dread to think of the fees being charged to Norwegian by the bankers, lawyers and accountants
 
T4thH
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Norwegian Air and Airbus agree terms to end jet deliveries, court is told

Wed Feb 24, 2021 3:55 pm

Please see link.
https://finance.yahoo.com/news/norwegian-air-airbus-agree-terms-132207984.html

Among the terms, Airbus will keep any prepayments it has received and will still be owed 600,000 pounds ($847,800) by Norwegian, he said.


So in favor of Airbus, they will likely get out without any loss, still 88 A320 family member will be cancelled. This will be the difference to Boeing and all the cancelled MAX orders, Boeing will have to pay back, even in many cases penalties.
 
Leej
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Re: Norwegian Air and Airbus agree terms to end jet deliveries, court is told

Wed Feb 24, 2021 4:32 pm

I'm sure they agreed on a sweet deal that would see Airbus in favour again once things start getting back to 'normal'.
 
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Polot
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Re: Norwegian Air and Airbus agree terms to end jet deliveries, court is told

Wed Feb 24, 2021 5:46 pm

Leej wrote:
I'm sure they agreed on a sweet deal that would see Airbus in favour again once things start getting back to 'normal'.

DY is majority owned by leasing companies. If things start going better for DY the airline will be leasing not buying direct. Most likely as a dumping ground for returned 737NGs.
 
Someone83
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Re: Norwegian Air and Airbus agree terms to end jet deliveries, court is told

Thu Feb 25, 2021 7:43 am

Polot wrote:
Leej wrote:
I'm sure they agreed on a sweet deal that would see Airbus in favour again once things start getting back to 'normal'.

DY is majority owned by leasing companies. If things start going better for DY the airline will be leasing not buying direct. Most likely as a dumping ground for returned 737NGs.


This is no longer the case. The leasing companies has gradually sold their shares in Norwegian


Also: It is reported that Norwegian has reached a deal with Rolls-Royce, and that they are near a deal with several of the leasing companies. This means they are closer getting a majority of the creditors to approve their restructuring plan in the courts
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Fri Mar 05, 2021 2:23 pm

According to Norwegian media Norwegian has got the approval from the court in Dublin to terminate the final 25 leases they had to get rid of. Thus one step closer to a reconstruction of the company
 
ILNFlyer
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Re: Norwegian News and Discussion Thread - 2021

Fri Mar 05, 2021 5:31 pm

Looks like a mass cancellation of aircraft - sorry if this is being discussed in an earlier part of the thread:

https://www.flightglobal.com/air-transp ... 49.article

Airbus has newly-recorded cancellations of 92 aircraft, pushing the airframer far into negative net order territory after the first two months of this year.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Fri Mar 26, 2021 8:38 am

Norwegian has hired Adrian Dunne from Ryanair, as their chief of operations
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Fri Mar 26, 2021 4:45 pm

Media in Norway report that the court in Ireland has approved Norwegian restructuring, dependent in able to refinance and also get the approval from the courts in Norway

In Norwegian
https://www.dn.no/luftfart/norwegian/ja ... 2-1-988107
 
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bluefltspecial
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Re: Norwegian News and Discussion Thread - 2021

Sat Mar 27, 2021 3:01 am

Someone83 wrote:
Media in Norway report that the court in Ireland has approved Norwegian restructuring, dependent in able to refinance and also get the approval from the courts in Norway

In Norwegian
https://www.dn.no/luftfart/norwegian/ja ... 2-1-988107


welp, that's a start down a long road.
Save a horse, ride a Fly-boy....
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Sat Mar 27, 2021 5:45 am

bluefltspecial wrote:
Someone83 wrote:
Media in Norway report that the court in Ireland has approved Norwegian restructuring, dependent in able to refinance and also get the approval from the courts in Norway

In Norwegian
https://www.dn.no/luftfart/norwegian/ja ... 2-1-988107


welp, that's a start down a long road.


True, but this was actually the most challenging hurdle
 
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bluefltspecial
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Re: Norwegian News and Discussion Thread - 2021

Sat Mar 27, 2021 4:51 pm

Someone83 wrote:
bluefltspecial wrote:
Someone83 wrote:
Media in Norway report that the court in Ireland has approved Norwegian restructuring, dependent in able to refinance and also get the approval from the courts in Norway

In Norwegian
https://www.dn.no/luftfart/norwegian/ja ... 2-1-988107


welp, that's a start down a long road.


True, but this was actually the most challenging hurdle


Agreed, now we have 30 days for any debtors to argue the plan, but sounds like most are in agreement.

Norwegian will be down to 50 aircraft, about a 1/3rd of its pre-covid size, which will be right-sized for return to growth and profitability.

Should be interesting to see what hub and spoke markets they keep and what point-to-point O&D markets they restart when the market returns.
Save a horse, ride a Fly-boy....
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Fri Apr 02, 2021 9:57 am

Norwegian has restarted some limited operations from ARN, with OSL, ALC and AGP being operated this Easter
 
minilinde
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Re: Norwegian News and Discussion Thread - 2021

Fri Apr 02, 2021 10:09 am

Someone83 wrote:
Norwegian has restarted some limited operations from ARN, with OSL, ALC and AGP being operated this Easter


Their ARN-OSL operation is probably just to get aircraft and crew into ARN, now when everything is based out of Oslo
Types flown: A220, 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, C550, CRJ2, CRJ9, DH4D, F50, ERJ190, MD80s/90, RJ100
 
bennett123
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Re: Norwegian News and Discussion Thread - 2021

Sat Apr 03, 2021 9:27 pm

SE-RRI Norwegian Air Sweden Oslo OSL - Kemble 737-8JP (15/03/21) NSW5EF
LN-DYT Norwegian Oslo OSL - Kemble 737-8JP (15/03/21) NAX1UT
LN-DYU Norwegian Oslo OSL - Kemble 737-8JP (15/03/21) NAX2HM
LN-NGD Norwegian Oslo OSL - Kemble 737-8JP (15/03/21) NAX8LF (* painted all white)

Taken from www.civilianaviation.co.uk

The fact that LN-NGD is already all white would suggest that it is not returning to Norwegian.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Mon Apr 12, 2021 10:27 am

Today the reconstruction plan for Norwegian has been approved in the court in Norway as well. Next step is then to provide new capital

https://newsweb.oslobors.no/message/530013
On 10 April the Reconstructor reported that the Reconstruction proposals were approved by a majority of the creditors of the Company. Today the judge of the Oslo Byfogdembete has approved the scheme for an exit of the Reconstruction of the Company.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Wed Apr 14, 2021 6:39 am

Norwegian is increasing their planned capital raise, planning to raise up to 6 billion NOK (about $700 million) in new capital, including BNOK 1,875 in a hybrid perpitual bond, mainly supported be the Norwegian government. Of the new equity to be raised they already claim to have conditional acceptance of almost 3 BNOK.

The actual capital raise will not happen until mid May though, when the court verdict is final

https://newsweb.oslobors.no/message/530151

The Company has previously indicated an overall capital raise of NOK 4.5 to 5.0 billion as part of the Restructuring Proposal (the “Capital Raise”). Based on the current uncertainty related to re-opening of societies due to the Covid-19 pandemic, feedback from investors, the Board of Directors of the Company have chosen to be conservative and increase the Capital Raise to a minimum NOK 4.5 billion up to NOK 6.0 billion, including a New Capital Perpetual Bonds with gross proceeds of up to NOK 1,875 million and a Rights Offering directed to the shareholders as of the record date with gross proceeds of up to NOK 400 million.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Sun Apr 18, 2021 7:36 am

Updated investor presentation from Norwegian, as of April 14

https://www.norwegian.no/globalassets/i ... tation.pdf
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Tue Apr 20, 2021 10:54 am

It also appears that Norwegian has started the process in register their remaining Irish registered 737s back to Norway. Those with a former Norwegian register will get back their original register code, while those that never wore a Norwegian register will get LN-ENx
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Tue Apr 20, 2021 10:59 am

Norwegian is also one step closer to re-establish their short haul base at CPH, heaving reach an agreement with the Danish union PFU
 
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mooseofspruce
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Re: Norwegian News and Discussion Thread - 2021

Thu Apr 22, 2021 6:33 pm

Someone83 wrote:
It also appears that Norwegian has started the process in register their remaining Irish registered 737s back to Norway. Those with a former Norwegian register will get back their original register code, while those that never wore a Norwegian register will get LN-ENx


Someone83 wrote:
Norwegian is also one step closer to re-establish their short haul base at CPH, heaving reach an agreement with the Danish union PFU

It also appears not only are the D8/NAI 737s being transferred to DY/NAS, but flights at previous D8 bases that are still open like CPH, HEL, and possibly BLL (unsure how many exactly or which are still operational, especially the ones in Spain) are listed to be instead operated by Norwegian Air Sweden...but still with DY codes rather than LE codes? Does anyone know why that is?

The presentation at least said already that they would consolidate their AOC structure down to a Norway one and an EU one (presumably, the Swedish one since the Irish one is going away), so this reshuffling makes sense.
I saw a flock of Moosen! Many much moosen! Out in the woods, in the wood-es, in the woodsen!
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Thu Apr 22, 2021 6:43 pm

mooseofspruce wrote:
Someone83 wrote:
It also appears that Norwegian has started the process in register their remaining Irish registered 737s back to Norway. Those with a former Norwegian register will get back their original register code, while those that never wore a Norwegian register will get LN-ENx


Someone83 wrote:
Norwegian is also one step closer to re-establish their short haul base at CPH, heaving reach an agreement with the Danish union PFU

It also appears not only are the D8/NAI 737s being transferred to DY/NAS, but flights at previous D8 bases that are still open like CPH, HEL, and possibly BLL (unsure how many exactly or which are still operational, especially the ones in Spain) are listed to be instead operated by Norwegian Air Sweden...but still with DY codes rather than LE codes? Does anyone know why that is?

The presentation at least said already that they would consolidate their AOC structure down to a Norway one and an EU one (presumably, the Swedish one since the Irish one is going away), so this reshuffling makes sense.


Don't think BLL ever was a base, although they had quite a few routes their

My understanding is that all will be under the DY code, although it might be "operated by". With using the Swedish AOC as the EU one, it also creates a lot more flexibility, similar that SAS enjoys. Previously there was a lot of limitations on mixing operations between DY and D8 aircraft and crew, while you can "mix" more flexible between a Norwegian and Swedish AOC
 
dcajet
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Re: Norwegian News and Discussion Thread - 2021

Wed Apr 28, 2021 11:37 pm

After a year in storage (first @AEP and then @EZE) the 3 remaining ex Norwegian Argentina 737-800s are being readied for their return to Europe. I am not sure if they will join the "new" Norwegian or if they will be returned to the lessor. For those wondering, JetSmart acquired DN's operation in Argentina and slots @AEP.

https://twitter.com/ArgSpotters/status/ ... 9780470791

https://flightaware.com/live/flight/LVHQH
Keep calm and wash your hands.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Mon May 03, 2021 12:28 pm

Norwegian has announced their new capital raise, for up to 6 billion NOK (About MUSD 720). Not that much is new, it just the formal release of the planned capital raise

Of the 6 BNOK, 1.875 MNOK will be a perpetual bond, of which the Norwegian government is likely to provide 1.500 MNOK. 395 MNOK will be raised from existing shareholders, that each will get subscriptions rights in the share issue. The remaing 3,7 BNOK will be raised among other investors, of which 2,9 BNOK already is secured from a group of 6 Norwegian investors and funds

https://newsweb.oslobors.no/message/531984

And some update about the fleet:

The Company has negotiated and signed agreements for 4 owned and 44 leased aircraft and intends to operate the fleet on a short-haul network primarily in Norway and the Nordics or from Norway/the Nordics to Continental Europe. An additional 3 aircraft are under documentation to be retained and leased. All 51 aircraft will be operated based on “Power by the Hour” agreements through Q1 2022 which significantly increase the Company’s flexibility and limit lease payments in the event of a prolonged period with challenging markets due to the COVID-19 pandemic.


I.e. the power by the hour leasing agreement gives them full flexibility through Q1 2022
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Fri May 07, 2021 7:02 am

Updated investor presentation/prospectus related to their new share issue

https://www.norwegian.no/globalassets/i ... y-2021.pdf
 
factsonly
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Re: Norwegian News and Discussion Thread - 2021

Fri May 07, 2021 7:26 am

Someone83 wrote:
Updated investor presentation/prospectus related to their new share issue

https://www.norwegian.no/globalassets/i ... y-2021.pdf


Page 24 of this presentation shows that both Ryanair and Wizzair have costs per Available Seat Kilometre upto 50% BELOW the new Norwegian (and Flyr).

This should be of some concern to investors.
 
a350lover
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Re: Norwegian News and Discussion Thread - 2021

Fri May 07, 2021 7:44 am

Do they still plan to operate 28 aircrafts out of Scandinavia? Where?
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Fri May 07, 2021 8:34 am

a350lover wrote:
Do they still plan to operate 28 aircrafts out of Scandinavia? Where?


In 2022, yes. 40 with bases in Norway, while the other 28 to be used to/fra ARN/CPH/HEL, and some traffic from ALC/AGP to Scandinavia/Nordics
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Fri May 07, 2021 8:36 am

factsonly wrote:
This should be of some concern to investors.


That didn't seems to be a big concern, as Norwegian just announced it took less that 30 minutes after the markets in Norway opened, before the share issue was oversubscribed
 
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mooseofspruce
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Re: Norwegian News and Discussion Thread - 2021

Sat May 08, 2021 5:07 am

Seems much of the Spanish base question has been answered following the announcement of jobs cuts and that ALC and AGP will be the bases kept, as previously noted. https://www.airliners.de/norwegian-stre ... nien/60374 (in German)
I saw a flock of Moosen! Many much moosen! Out in the woods, in the wood-es, in the woodsen!
 
RoyalBrunei757
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Re: Norwegian News and Discussion Thread - 2021

Sat May 08, 2021 8:36 am

Lots of ex-Norwegian Group B737 and B787 movements recently. While 787 are all heading back to lessors, some 737 are returning to Norwegian Mk. II and quite a fair bit heading to Aeromexico (last count 6 are going there).
 
aviator2000
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Re: Norwegian News and Discussion Thread - 2021

Sat May 08, 2021 5:23 pm

Looks like Norwegian is adding a significant amount of international flights at the end of this month. Doing a quick search, the airline has got flights from Oslo to Nice, Barcelona, Berlin... starting on the 31st of May. Does anyone know if these will actually go ahead or if the airline hasn’t yet updated its schedule for next month?
 
Asiaflyer
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Re: Norwegian News and Discussion Thread - 2021

Sat May 08, 2021 7:09 pm

Someone83 wrote:
factsonly wrote:
This should be of some concern to investors.


That didn't seems to be a big concern, as Norwegian just announced it took less that 30 minutes after the markets in Norway opened, before the share issue was oversubscribed

Peoples appetite for risk is never ending. Pouring in money again and again in unprofitable businesses. Does anyone know how much money Norwegian has lost in total since they started their operations?
 
dcajet
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Re: Norwegian News and Discussion Thread - 2021

Sat May 08, 2021 8:37 pm

RoyalBrunei757 wrote:
Lots of ex-Norwegian Group B737 and B787 movements recently. While 787 are all heading back to lessors, some 737 are returning to Norwegian Mk. II and quite a fair bit heading to Aeromexico (last count 6 are going there).



To your point, the last 3 remaining Norwegian Argentina 738 (LV-HQH/IQZ/ITK) left EZE on 5/5 on their way to DUB, with stops at NAT & LPA, to be returned to the lessor. Heard that they are going to Jet2.

https://www.sirchandler.com.ar/2021/05/ ... argentina/
Keep calm and wash your hands.
 
Blerg
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Re: Norwegian News and Discussion Thread - 2021

Sun May 09, 2021 2:38 am

aviator2000 wrote:
Looks like Norwegian is adding a significant amount of international flights at the end of this month. Doing a quick search, the airline has got flights from Oslo to Nice, Barcelona, Berlin... starting on the 31st of May. Does anyone know if these will actually go ahead or if the airline hasn’t yet updated its schedule for next month?


They are also resuming (or are supposed to at least) resume OSL-BEG from 31.05 which is supposed to operate 4 times per week in June. Like you, I am curious to see what becomes of this as they are going to compete against JU which currently flies twice per week, going to three in June. JU has transfers so they can compensate the lack of O&D as long as there are entry restrictions but I don't know what DY plans.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Sun May 09, 2021 5:46 am

aviator2000 wrote:
Looks like Norwegian is adding a significant amount of international flights at the end of this month. Doing a quick search, the airline has got flights from Oslo to Nice, Barcelona, Berlin... starting on the 31st of May. Does anyone know if these will actually go ahead or if the airline hasn’t yet updated its schedule for next month?


Unless Norway changes its Covid-travel policy by then, I expect to see most of these flights cancelled within short time
 
jbs2886
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Re: Norwegian News and Discussion Thread - 2021

Sun May 09, 2021 6:40 am

Someone83 wrote:
Updated investor presentation/prospectus related to their new share issue

https://www.norwegian.no/globalassets/i ... y-2021.pdf


Slide 26 was interesting in noting MAX or Neo in the future. Would be quite the switch if the Neo won out, but I suspect MAX terms would be good.
 
randomdude83
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Re: Norwegian News and Discussion Thread - 2021

Sun May 16, 2021 6:06 pm

Any news on the dream liners? are they still stored or have they been spoken for?

29 787-9 is an opportunity for any large airline for sure.
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Sun May 16, 2021 7:50 pm

randomdude83 wrote:
Any news on the dream liners? are they still stored or have they been spoken for?

29 787-9 is an opportunity for any large airline for sure.


They are all gone

Either returned to lessors or in the hands of the creditors

Of AerCaps 11 leased to Norwegian 2 -9 has gone to
NEOS, while 6 -9s and 3 -8s has been signed signed with Norse Atlantic

The rest are yet to find a new operator or owner. Some are still stored at OSL, the rest are flown to various places
 
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mooseofspruce
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Re: Norwegian News and Discussion Thread - 2021

Mon May 17, 2021 7:54 am

There's apparently yet another Swedish operator with its own AOC under the name Norwegian Air Sweden AOC AB (ICAO NSZ, callsign Norlight), which according to Planespotters already has seven 738s registered to it.

https://aviation.direct/en/norwegian-fo ... -in-sweden
The financially troubled Norwegian group has founded a second operational subsidiary in Sweden. This is called "Norwegian Air Sweden AOC AB" and has already been assigned the ICAO code NSZ.

It was only in 2018 that the low-cost airline founded the offshoot Norwegian Air Sweden, which is assigned the ICAO code NSW. The callsign is Nordic. The new foundation uses the callsign Norlight. What Norwegian is aiming for with a second airline in Sweden is completely unclear. The company didn't want to say anything.

Out of curiosity I checked reservations and a 5x weekly rotation between ARN/OSL is already listed to be operated by it between May 31 and June 27, and a 6x weekly rotation between CPH/OSL between May 20 and June 27, after which the "regular" or "planned" schedules from ARN/CPH resume, with flights operated between DY and the original "Norwegian Air Sweden AB".

In addition, an FAA notice, Planespotters and Airfleets also list yet another Norway AOC under the name Norwegian Air Shuttle AOC AS (ICAO NOZ, callsign Norseman), with four 738s registered to it.

It just boggles the mind even if it's all temporary.
I saw a flock of Moosen! Many much moosen! Out in the woods, in the wood-es, in the woodsen!
 
Someone83
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Re: Norwegian News and Discussion Thread - 2021

Mon May 17, 2021 3:48 pm

mooseofspruce wrote:
There's apparently yet another Swedish operator with its own AOC under the name Norwegian Air Sweden AOC AB (ICAO NSZ, callsign Norlight), which according to Planespotters already has seven 738s registered to it.

https://aviation.direct/en/norwegian-fo ... -in-sweden
The financially troubled Norwegian group has founded a second operational subsidiary in Sweden. This is called "Norwegian Air Sweden AOC AB" and has already been assigned the ICAO code NSZ.

It was only in 2018 that the low-cost airline founded the offshoot Norwegian Air Sweden, which is assigned the ICAO code NSW. The callsign is Nordic. The new foundation uses the callsign Norlight. What Norwegian is aiming for with a second airline in Sweden is completely unclear. The company didn't want to say anything.

Out of curiosity I checked reservations and a 5x weekly rotation between ARN/OSL is already listed to be operated by it between May 31 and June 27, and a 6x weekly rotation between CPH/OSL between May 20 and June 27, after which the "regular" or "planned" schedules from ARN/CPH resume, with flights operated between DY and the original "Norwegian Air Sweden AB".

In addition, an FAA notice, Planespotters and Airfleets also list yet another Norway AOC under the name Norwegian Air Shuttle AOC AS (ICAO NOZ, callsign Norseman), with four 738s registered to it.

It just boggles the mind even if it's all temporary.


To explain this in a simple way, is that this is part of Norwegian's restructuring and "clean up", where one key element is to have fewer AOC and a simpler structure. Although it do seems counter intuitive to then establish 2 new AOC, it is part of the process ending up with 2 AOCs. One Norwegian and one Swedish, with the latter being their EU AOC

This means their Irish, British, Longhaul and other Norwegian/Swedish etc, in the end will be gone. Unlike previously when they operated flight under DY, D8 etc codes, all future flight will be under the DY code and same callsign. Just being marked as "operated by...."
 
Someone83
Posts: 5259
Joined: Sun Sep 17, 2006 5:47 pm

Re: Norwegian News and Discussion Thread - 2021

Mon May 17, 2021 3:56 pm

As part of the restructuring 10 of the their aircraft that was owned by Norwegian through the aircraft owning and leasing company Arctic Aviation, has been acquired by the leasing company VMO Aircraft Leasing, and leased back to Norwegian. Probably under more favourable leasing terms, including flexible "fly by the hour" rates until March 2022. These aircraft was of course debt finance, thus their got new owners as part of Norwegian's financial restructuring

The following 10 aircraft is now owned by VMO Aircraft Leasing: SE-RPD / -RPJ / -RPI / -RPK / -RPE / - RPF / -RPG / -RPH / -RPL / -RPM

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