-----
THE EASY RIDE IS OVER ----
NOT ANY MORE ANY !
Financing / Loan guarantees to Norwegian, to "Buy" Boeings, with Boeing "in the middle" to "Sell",
BUT TO BE Bankrolled by US Taxpayers , Ex-Im Bank USA. and, Guaranteed by the US Government !
In the past, the U.S. Export-Import Bank has supported more than one billion dollars in financing for Norwegian's short-haul and long-haul aircraft. All of Norwegan's B-787s have received U.S. government financing support. In addition to the direct financing cost savings, Ex-Im Bank support allows foreign airlines like Norwegian to purchase new aircraft that are more fuel efficient and attractive to customers, compounding the economic advantage they receive from the U.S. government financing -
In January 2012, Norwegian placed what was then the largest civil aviation order in
European history, including 122 Boeing 737 aircraft (at the time Boeing’s largest ever European deal).
When asked whether Norwegian would have trouble financing this immense purchase,
---- Norwegian’s CEO answered:
“The order is financed through Exim (Export-Import Bank of the United States) and through state guaranteed loans, so I’m NOT worried about that at all.”
In the case of Norwegian, the airline is seeking additional Ex-Im Bank financing while at the same time pursuing efforts to serve the United States via an Irish subsidiary called Norwegian Air International (NAI), which is based on a business model that seeks to avoid tax and employment laws and circumvent international agreements to gain an unfair competitive edge against U.S. airlines and their workers in the global marketplace. -
"The Ex-Im Bank must conduct the economic review Congress requires and ensure that U.S. industry and jobs aren't compromised by its response to financing requests such as this application from Norwegian Air,"
-----------------------------------------------------------------------------------------------------------------
Weaken / Bust the Unions in your Home Base of Norway, by all means available, and, hire Cheap / Underpaid Non-union employees elsewhere, anywhere.
And, Overwork them, After, they pay Upfront 30 or 40 K for their training cost bond.
OSM itself was established as a spin off OSM maritime, an agency supplying crews to shipping companies.
OSM statement: “International Aviation will go the same way as shipping".
And, not by coincidence, Norwegian's CEO was a maritime lawyer, for twenty years.
--------