Originally Posted by
calypso
Given how well the board has done I very much doubt they will be replaced.
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?