“It is a big and important strategic step on the way for the New Norwegian that we now take over the entire and full responsibility for the companies where we have our flying staff employed,” commented Norwegian’s chief executive Jacob Schram on today’s news.
As always, the devil is in the detail... NAS have TAKEN OVER the Companies in exchange for shares, this actually means the crew contracts will still be with those service companies, although the companies themselves are the responsibility of NAS via the acquired shareholdings.
If the contracts with those companies are cancelled or declared void, then those on Furlough will no longer be eligible for payments