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Old 10th Oct 2020, 09:49
  #829 (permalink)  
Kirks gusset
 
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Tourism may well be important for Norway, as with every other country, however, the tourism income results from people visiting the county and spending internally. Of course there is an element of infrastructure revenues from taxi, airport staff etc. The means by which tourists get to the county matters not, and in the case of NAS, most of the "revenue" is hoovered up with the historical debts , most of which reside outside Norway. The proposed closure of LGW SH ops was always on the cards, there was no way the Company would stump up wages for Foreign workers when haemorrhaging funds at home. Perhaps the cost savings may be enough to allow the LH ops to start again.
Norwegian Air’s short-haul flights from Gatwick will not be affected as they are operated by pilots and crew based in the Nordics, the spokesman said.
One assumes the LH crews will be subject to the "flexi contracts" agreed at the May re-structuring meeting..i.e paid when needed to fly.
Sad times once again, Spain only costs them social taxes so may be safe until the summer when things should pick up... unless Wizz take advantage of the routes,
The release of the locked up shares yesterday (9th) resulted in a 24% fall in share prices.
https://www.marketscreener.com/quote...k-up-31509812/

Last edited by Kirks gusset; 10th Oct 2020 at 10:09.
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