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 Aires' Aeroparque. In 2016, Mauricio Macri's government launched an ambitious plan to revamp commercial aviation in Argentina. The plan was named "Revolution of the Planes," and it sounded too good…
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 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 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…
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…
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…
European low-cost carrier Norwegian has been awarded six weekly slots at London Heathrow out of the 14 requested by the airline beginning in summer 2020. The Oslo-based carrier already operates extensively from London Gatwick airport to 30 destinations throughout Europe, North America and South America. The new slots reported by…
Amidst local, global and internal factors, Norwegian seems to be taking steps to sell or close its Argentinian subsidiary, Norwegian Air Argentina (NAA). According to different sources, JetSmart Argentina would absorb the carrier's operations and set foot in Buenos Aires Aeroparque, abandoning El Palomar airport, currently affected by a judiciary…
Austin has grown at a pace faster than almost all other U.S. cities over the past decade. Dubbed Silicon Hills for the large number of tech companies that are headquartered in and around the city, the rising tech industry has helped fuel both domestic and international air service over the…
Tuesday was a key day for Norwegian, as the company's bondholders accepted a two-year deferral in the taking of dividends of obligations that the company had issued in 2015 and 2017. With this action, the carrier avoids paying 380 million dollars due in the last four months of the current…
