Lars Daniel Westby, the analyst who predicted the chapter 11 process for Norwegian a week before it actually happened :
”Norwegian should get rid of the long-haul fleet.. And whether it is sold or closed down "really has nothing to say", because it is in short haul that Norwegian has made money. On the other hand, he believes that there will "certainly" be investors who are interested in Norwegian's market position, brand name and loyalty program. And therefore: - We will fly with Norwegian in the future”, says Westby.
I disagree with Westby regarding the LH-part. Certainly a portion of LH was profitable, but whether that is the case after covid remains to be seen. Initial plans for New Norwegian, indicated around half of the current LH fleet being kept on. Leisure traffic will rebound strongly and Norwegian would be perfectly placed in that market to take up competition with a strong (value for money) product. According media, management are still undecided but owners(creditors) would obviously have to agree.
Last edited by uncle-traveling-matt; 12th Dec 2020 at 18:48.