Norwegian

Norwegian sells banking shares

Norwegian Air Shuttle has struck a deal to sell its shares in credit card company Norwegian Finans Holding ASA for £203 million, providing extra cash for the airline. The company agreed to sell its...

Norwegian CEO steps down

The chief executive of Norwegian Air Shuttle, Bjorn Kjos, has announced he is stepping down, effective immediately. Kjos has been at the helm of Norwegian for 17 years and under his leadership the...

Norwegian reports £133m loss

Low-cost carrier Norwegian has posted a net loss of nearly NOK1.5 billion (£133 million) for the first quarter of the year, but the company remains hopeful off the back of a 14 per cent increase in...

Norwegian promotes CFO

Low-cost airline Norwegian has promoted its chief financial officer Geir Karlsen to deputy chief executive. Karlsen joined Norwegian as CFO in April 2018, bringing experience from listed companies...

Norwegian loses £131m in 2018

Norwegian has reported a net loss of nearly 1.5 billion Norwegian krone (£131 million) in 2018, blaming fuel costs, engine problems and “tough competition”.The news looks bad for the low-cost...

Norwegian targets profitability

Norwegian says it is “strengthening its balance sheet” through a fully underwritten rights issue of nearly £270 million in shares that it claims will increase its “financial flexibility”.The...

IAG U-turns on Norwegian bid

After months of speculation that International Airlines Group (IAGInternational Airlines Group - the parent company of British Airways and Spain's Iberia which was created by the merger of the two...

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