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Old 29th Jun 2017, 21:02
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Flap Inhibit
 
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The one thing, which makes the possible lack of competent pilots especially bad for Norwegian is the shear net debt of the company. The debt being over 2,3 billion. Almost equal to the turnover of the whole company last year. And when compared to the rival LCCs: Ryanair don't have any net debt and Easy have only around 200 million. As it was pointed lately in an article in the ecomics section, Norwegian can't afford large disruptions in their operations, like for instance strike actions etc., because they have around 400 million worth of loans to sort out in the current year alone. So I think it is definitely a case of all or nothing for Norwegian. They have to attract the pilots somehow or they can put sign on the door already and just give up. Especially because the whole business plan relies on expansion.
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