Norwegian Air Shuttle AS

Less than three years after having been forced to file for bankruptcy, Norwegian is pressing ahead with another transformative move by buying Widerøe.

The latest new route announcements, schedule changes and codeshares.

The LCC is bringing in leased 737-8s to help counteract delays from Boeing for ordered aircraft that were originally due for delivery this spring.

The aircraft come in addition to three 737-8 aircraft which Norwegian previously agreed to lease from ALC.

For an airline that entered bankruptcy protection in 2020 after overextending itself, the COVID-19 pandemic and subsequent recovery has been a chance to make a fresh start.

Norwegian Air Shuttle expects a strong summer and plans to ramp up capacity to meet pent-up demand but the LCC warned that high fuel costs would partly offset its recovery.

Low-cost competition in the Swedish capital is heating up as Norwegian is set to vie with Ryanair and Eurowings for market share from Arlanda.

Norwegian Air Shuttle is expecting a trend of increasing forward bookings to continue throughout the rest of 2021 and through 2022.

U.S. House lawmakers took steps on July 29 to advance legislation that would ban so-called flag of convenience carriers from operating in the U.S.

Norwegian's board has elected to promoted CFO Geir Karlsen to the top job as the LCC emerges from restructuring.

ULCC Norwegian has announced the terms under which it aims to recapitalize itself to the tune of NOK 6 billion ($723 million).

Scandinavian LCC Norwegian Air Shuttle aims to increase its fleet to a peak of 50 aircraft in 2021 and 70 in 2022, flying a network of domestic and short-haul routes in Europe.

The airline plans to gradually increase the number of departures and resume more service in Sweden as demand increases and travel restrictions ease.

Norwegian Air Shuttle’s proposed restructuring cleared a key hurdle March 26 as an Irish High Court judge approved the airline’s scheme to exit the examinership process.

ULCC Norwegian Air Shuttle has sent details of its planned financial reconstruction to its creditors and shareholders, ahead of several hearings in the Irish and Norwegian courts that will determine its future in the coming weeks.

After months of uncertainty over whether it would survive the pandemic, Norwegian Air Shuttle may finally be nearing a restructuring solution ahead of a mid-April deadline.

Norwegian Air Shuttle has agreed with Airbus to cancel outstanding orders for 88 A320 family aircraft, as the carrier makes progress toward presenting a restructuring plan that it hopes will secure its future.

Norwegian has posted a NOK23 billion ($2.7 billion) net loss for 2020, with bankruptcy or liquidation “highly likely” in the 2021 second quarter if several conditions are not met.

Norwegian Air Shuttle is closer to reaching a restructuring agreement to secure its survival.

A portfolio of 12 Boeing 737-8s and two Trent 1000-powered 787-9s, previously operated by Norwegian Air Shuttle, are being remarketed following the LCC’s financial difficulties and decision to scale back its operations.

Norwegian Air Shuttle has been granted a 30-day extension to its restructuring process following a High Court hearing in Dublin, Ireland.

Norway’s government will provide a hybrid loan to Norwegian Air Shuttle providing private investors also back the LCC’s restructuring.

Norwegian Air Shuttle said it would focus on operations in Europe and drop long-haul flying as it moves forward with a restructuring process the airline hopes will attract new investment and allow continued operations.

Norwegian Air Shuttle said it was operating nine aircraft after “positive” Christmas bookings, representing a small improvement in its activities from the six aircraft it had been operating in previous weeks.

Norwegian Air Shuttle shareholders have voted in favor of a series of restructuring measures including a rights issue at an extraordinary general meeting Dec. 17.