Norwegian Air shares soar with possible record profits in sight
Turnaround for budget carrier not long ago threatened by debt and pandemic downturn
Norwegian Air
Norwegian Air posts profit on easing travel curbs, flags fuel price impact
Budget carrier reported net profit of €129.9m for the April-June period in 2022
Global shares advance as investors go bargain hunting
Twitter stock tanks after Elon Musk puts $44bn deal on hold, but Tesla stock rises
Ireland needs to tackle ‘zombie’ companies, says leading law firm
‘Awful lot of businesses with a broken balance sheets,’ says McCann Fitzgerald
Ukraine appeals: ‘My phone has not stepped ringing ... Everybody wants to help’
Ukrainian community in Ireland overwhelmed with support and donations
Norwegian Air swings to profit after restructuring
The budget carrier’s net result rebounds to record a profit of €186m last year
Norwegian Air’s third quarter revenue rises as travel picks up
Budget carrier reported a 68% year-on-year rise in third-quarter revenue
Norwegian Air to increase flights from Ireland to Scandinavia
Demand rising with vaccines and lifting of coronavirus travel restrictions, says airline
Norwegian Air Shuttle bonuses cause political row
Low-cost airline paid retention bonuses to both current and recently fired chief executives
Norwegian Air Shuttle replaces chief executive officer
Low-cost airline rebuilds operations as a regional carrier after exiting insolvency
Norwegian Air emerges from bankruptcy, reinvents itself as regional carrier
‘We have saved an airline,’ says chief executive
Norwegian Air set to exit restructuring after raising fresh capital
Airline conducted rights issue and sold bonds and shares
Norwegian Air eyes almost €670m refinance package
Attempt to raise capital part of scheme to emerge from bankruptcy in Ireland and Norway
Ken Fennell: ‘There is a growing feeling that there could be a lot of companies in trouble’
Interview: Insolvency expert expects clarity by September on surviving businesses
Court approves Norwegian Air survival plan
Group had accumulated debts of $5.2bn when it sought protection from creditors
Court approves repudiation of Norwegian Air leasing contracts
Airline said move was necessary to ensure its survival
Norwegian Air aims to raise more money than planned
Carrier now looking to raise up to 6bn crowns as opposed to previous 4.5bn
Norwegian Air restructuring scheme approved by High Court
None of airline’s creditors challenged the survival plan
Norwegian Air’s shareholders reported to back restructuring plan
Airline clears first of several procedural hurdles as it battles to survive the pandemic
Norwegian Air updates offer to creditors in key step towards survival
Airline takes major step in plan to cut debt and reduce fleet to survive pandemic
Norwegian Air says Boeing dispute to be decided in US court
Airline indicates to High Court it is seeking to repudiate three aircraft sales contracts
Norwegian losses topped €2bn in 2020 due to pandemic
Airline flies just 547,000 passengers in fourth quarter as tourism collapses
Norwegian Air Shuttle nears agreement to end jet deliveries from Airbus
Airline in bid to restructure has agreed terms of consent order to cancel order, court hears
Norwegian Air Shuttle to wind up US flight crew arm
Scandinavian group and Irish subsidiaries back in High Court over aircraft leases
Norwegian Air secures extension to court protection
Covid-19 uncertainty hinder examiner in efforts to put together rescue scheme
Norwegian Air Shuttle faces complex long-haul legal journey
Cantillon: Airline examiner to request extra 50 days to produce rescue plan
Creditors accuse Norwegian Air Shuttle of ‘unreasonable pressure’
The airline and four Irish subsidiaries are under High Court protection from creditors while an examiner puts together rescue plan
Norwegian creditors challenge airline’s bid to return aircraft to lessors
Airline and Irish subsidiaries have High Court protection from creditors
Norwegian creditors may challenge airline’s bid to end leases
Airline seeking to hand back 36 aircraft
Norwegian seeks to hand back 36 aircraft
Airline asks High Court to end leases held by Irish subsidiaries
Norwegian Air plans to cut fleet by more than half as part of rescue
Troubled carrier due in High Court on Thursday
Norwegian examiner has month to finalise rescue plan
High Court extends examinership as $2.5bn of group debt discharged
Norwegian Air to get financial support from Norway’s government
Capital funding contribution will only come if airline meets conditions
‘More airline casualties ahead’ as industry faces further losses in 2021
New report warns of €31.5bn losses, with airlines needing emergency funding
High Court winds up Norwegian Air leasing company
Torskef Jorden Leasing involved in leasing aircraft to Norwegian’s long-haul business
Michael McAteer: ‘I just can’t believe that nothing can be saved’
Grant Thornton managing partner is optimistic about life after Covid
Passenger numbers down 94% at troubled carrier Norwegian
Airline operated just nine aircraft on average in December, mainly on domestic routes
PAYE tax bill surprise, World Bank sees ‘subdued’ recovery, and why cash is no longer king
Business Today: the best news, analysis and comment from The Irish Times business desk
Norwegian Air begins cutting its fleet ahead of restructuring
Troubled carrier moves aircraft to Shannon in preparation for returning them to lessors
Dublin-headquartered Aercap raised $8.3bn in 2020
Irish aviation financier signed agreements to lease out 97 aircraft last year
Aviation had a tough 2020 - and next year remains uncertain
A key question now is: when does the industry start climbing out of this trough?
Norwegian Air shareholders back restructuring plan
Airline now faces difficult negotiations with creditors
How Irish is Norwegian Air Shuttle?
Opinion: Airline’s woes reveal hazy status of corporate nationality
Creditors in Scandinavia lodge claims of almost €170m against troubled airline Norwegian
Those owed are mainly suppliers and some have secured debts
Brexit anxiety takes toll on Irish bank and travel stocks
Applegreen shares surge after founders and Blackstone reveal deal to take business private
Norwegian Air gets additional creditor protection to deal with debt
Cash-strapped airline gets protection from Norwegian court as it seeks to restructure
Norwegian Air secures court protection over €4.1bn debts
Creditors tell court they are neutral on airline’s attempt to restructure
Norwegian Air sees 95% collapse in passenger numbers in November
Troubled carrier has filed for bankruptcy protection in Ireland
Norwegian Air proposes restructuring and share sale in bid to survive
Pandemic has brought airline to brink of collapse
Boeing seeks dismissal of Norwegian Air’s €1bn lawsuit over Max aircraft
Norwegian Air Shuttle, and five Irish-based subsidiaries, that own much of its aircraft, last week received interim protection from creditors from the High Court in Dublin
Goldman Sachs advises on Ulster Bank’s future, health insurance premiums to rise, and 200 new jobs for Microsoft
Business Today: the best news, analysis and comment from The Irish Times business desk
Norwegian Air’s Irish subsidiaries subject to legal action
Creditors took or threatened action against two companies before court protection granted
Liquidating Norwegian Air Shuttle would leave €6bn deficit
Court documents show winding up company would wipe out most of its assets
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices