Moderators: richierich, ua900, PanAm_DC10, hOMSaR
Blerg wrote:What will become of these planes? Were they leased from someone? I can't imagine they owned them all.
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
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?
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
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.
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'.
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.
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
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.
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
Someone83 wrote:Norwegian has restarted some limited operations from ARN, with OSL, ALC and AGP being operated this Easter
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.
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 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
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-ENxSomeone83 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.
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.
Someone83 wrote:Updated investor presentation/prospectus related to their new share issue
https://www.norwegian.no/globalassets/i ... y-2021.pdf
a350lover wrote:Do they still plan to operate 28 aircrafts out of Scandinavia? Where?
factsonly wrote:This should be of some concern to investors.
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
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).
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?
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?
Someone83 wrote:Updated investor presentation/prospectus related to their new share issue
https://www.norwegian.no/globalassets/i ... y-2021.pdf
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.
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.
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-swedenThe 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.