Opinion: FLYR’s Bankruptcy Should Send A Signal To Low-Cost Startups…

Norwegian ultra-low-cost startup carrier FLYR announced it had plans to file for bankruptcy on Tuesday following failed efforts to raise the cash needed to continue operations.  The carrier had been operating for roughly a year and a half, offering services out of a base in Oslo to both business and…

Analysis of the U.K. Aviation Industry

The impact of the COVID-19 pandemic was monumental for the aviation industry across the globe. It only took a matter of a few weeks for a proclamation to be accurate with airlines across the globe shredding their operational flying programs. While most aircraft were mothballed in anticipation, airline executive boards…

Norse Atlantic Airways Prepares for Second Quarter Debut

Norse Atlantic Airways is preparing to land soon. The airline, founded by former Norwegian executives, plans to launch ticket sales at the end of March and the first commercial flight in the second quarter from Oslo (OSL) to a U.S. destination. "Prospective customers on both sides of the Atlantic contact…

The Buenos Aires Aeroparque Slots Saga

Argentina's commercial aviation market is impacted by a myriad of factors that have little, if anything, to do with commercial aviation. One of the best examples of this is the story of two companies  – or three, or four – and the slots at the country's main domestic airport: Buenos…

Norwegian Air Passenger Numbers Plunge 90% in July

Norwegian Air Shuttle announced traffic figures for July on Thursday. Last month, Norwegian carried a total of 356,093 passengers, 90% fewer than in the same period the previous year. The airline’s capacity was 560 million, representing a 94% steep dive when compared to July 2019. The low-cost carrier resumed short-haul…

Norwegian Air Cancels Order for 97 Boeing Aircraft, Sues Boeing

Norwegian Air Shuttle sent a notification to the Boeing, stating that the airline had terminated the purchase agreements of the remaining five Boeing 787 Dreamliners and 92 Boeing 737 MAX. The airline also ended the GoldCare service agreement, Boeing's largest-ever commercial services contract, related to the 787 and MAX aircraft.…

Norwegian to Re-Open U.K. Operations

Norwegian announced that it is ready to re-open operations from the UK on July 1 after being suspended for three months. The Oslo-based carrier will operate a few flights from Gatwick and Edinburgh to select destinations in Scandinavia. In a statement, Norwegian’s CEO Jacob Schram said, “Feedback from our customers…

Chinese Government-Backed Lessor Takes Stake in Norwegian Air

Amid the coronavirus pandemic, revenue sources of most airlines are petrified, thus forcing them to struggle to maintain the survival of their business. BOC Aviation, a global aircraft leasing company and a subsidiary of the state-owned Bank of China, has become a major shareholder in the struggling low-cost airline Norwegian…

Norwegian Scandinavian Subsidiaries File for Bankruptcy

It’s no secret that over the past few years Norwegian has been standing on a very thin rope, accumulating losses, seeking additional cash injection and restructuring routes in order to stay afloat. As COVID-19 hardly hits the global aviation year as no event in the past century; Norwegian’s Danish and…