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EDITORIAL: The opportunities and perils of Kjos new transatlantic venture

David Casey is Senior Network Planning Editor at Routes, providing insight on network strategy and development across the Aviation Week Network. This includes the daily Routes Digest, Routes magazine and the Routes Aviation Podcast. Norwegian Air Shuttle CEO Jacob Schram confirmed in January what many analysts had expected for some time: the LCC was axing long-haul flying to focus on key destinations in Europe. The announcement marked a sad but ultimately necessary end to what had been an ambitious strategy to shake up the lucrative transatlantic market. In the years since the airline operated its first flight to New York (JFK) in May 2013, Norwegian had grown to serve more than 70 routes between Europe and North America, operating almost 6 million two-way transatlantic seats in 2019.

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Norwegian Air to raise more fresh capital than planned

Norwegian Air to raise more fresh capital than planned Updated / Wednesday, 14 Apr 2021 09:48 Norwegian Air has been going through examinership in Ireland Norwegian Air now aims to raise up to 6bn crowns in fresh capital, up from a planned 4.5bn, to bolster its resources before emerging from bankruptcy protection next month as the pandemic continues to curb travel. Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North and South America, Southeast Asia and the Middle East before the Covid-19 pandemic plunged the airline into crisis. We want to take a conservative approach at a time when the pandemic and travel restrictions continue to create unpredictability in the travel sector, Chief Executive Jacob Schram said in a statement.

United statesBjoern kjosJacob schramNorse atlantic airwaysNorwegian airSouth americaSoutheast asiaMiddle eastExecutive jacob schramAtlantic airwaysSeabury securitiesஒன்றுபட்டது மாநிலங்களில்ஜாகோப் ஸ்க்ராம்நார்ஸ் அட்லாண்டிக் வானெறிக்குழுப்பெயர்நோர்வே அேகதெற்கு அமெரிக்கா

Norwegian Air to raise additional cash before bankruptcy exit

By Reuters Staff 3 Min Read OSLO (Reuters) - Norwegian Air now aims to raise up to 6 billion crowns ($711 million) in fresh capital, up from a planned 4.5 billion, to bolster its resources before emerging from bankruptcy protection next month as the pandemic continues to curb travel. FILE PHOTO: A Norwegian Air plane is refuelled at Oslo Gardermoen airport, Norway November 7, 2019. REUTERS/Lefteris Karagiannopoulos Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North and South America, Southeast Asia and the Middle East before the COVID-19 pandemic plunged the airline into crisis. “We want to take a conservative approach at a time when the pandemic and travel restrictions continue to create unpredictability in the travel sector,” Chief Executive Jacob Schram said in a statement on Wednesday.

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Norwegian Air to raise additional cash before bankruptcy exit

Norwegian Air to raise additional cash before bankruptcy exit
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United statesTerje solsvikJacob schramBjoern kjosKirsten donovanGwladys foucheNorse atlantic airwaysNorwegian airSouth americaSoutheast asiaMiddle eastExecutive jacob schramAtlantic airwaysSeabury securitiesஒன்றுபட்டது மாநிலங்களில்ஜாகோப் ஸ்க்ராம்

Norwegian restructure gets green light | Business Travel News Europe

Norwegian restructure gets green light | Business Travel News Europe
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Jacob schramOslo county courtNorse atlantic airwaysNorwegian airlinesNorse atlanticஜாகோப் ஸ்க்ராம்ஒசிலோ கவுண்டி நீதிமன்றம்நார்ஸ் அட்லாண்டிக் வானெறிக்குழுப்பெயர்நோர்வே விமான நிறுவனங்கள்நார்ஸ் அட்லாண்டிக்