Norwegian-2
Join Date: Mar 2013
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Sounds like the doom mongers will need to hang fire for another while as it seems Norwegian has secured funding to see it through 2019 (although im sure things can still take a downturn)
https://www.independent.ie/business/...-37745153.html
IAG pull out of making any bid for Norwegian and will dispose of their stake.
Not a real shock as when they bought it was clear that with the existing shareholding there was no chance of a takeover unless Norwegian Govt with consent of Bjorn decided to sell. I viewed that then as no chance and IAG's attempt to buy shares to scare them into selling was looking likely to fall flat on its face.
Give it a couple of months and look what has happened. Clearly Norwegian founder told IAG to GFY, guess when you have Govt backing with deep pockets and supporting what they see as a National Champion a bid is always doomed to fail.
IAG pull out of making any bid for Norwegian and will dispose of their stake.
Not a real shock as when they bought it was clear that with the existing shareholding there was no chance of a takeover unless Norwegian Govt with consent of Bjorn decided to sell. I viewed that then as no chance and IAG's attempt to buy shares to scare them into selling was looking likely to fall flat on its face.
Give it a couple of months and look what has happened. Clearly Norwegian founder told IAG to GFY, guess when you have Govt backing with deep pockets and supporting what they see as a National Champion a bid is always doomed to fail.
There is a sizeable Norwegian Govt block at Dec 2017 of over 30% via various means. Norwegian Govt via their Rainy Day fund could chuck in a billion and it wouldn't be noticed on their fund. As said when IAG bought the stake, unless Bjorn is interested in selling, IAG was wasting its money and time.
Norwegian Govt Wealth fund could buy IAG from its petty cash as its wealth fund is worth over $1 trillion, well that was in 2017 so they probably added a bit since then.
It is not coming from that but using Tax Revenue from Oil for longer term rather than day to day spending. The family silver was nationalised industrys which needed to be sold BUT the proceeds could have been used for long term planning rather than tax cuts to buy an election.
Join Date: Oct 2006
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Just been announced at 9am GMT that the airline is seeking a cash injection of 268 million pounds from its shareholders to improve its balance sheet or to put it another way to keep it flying. Throwing good money after bad?
Following IAG’s acquisition of what was then a 4.6% stake in the airline in April 2018, Norwegian said it received approaches from "several parties" who expressed an interest for "structural transactions", financing the carrier and in various forms of "operational and financial cooperation",
It says discussions with such parties have been ongoing on "several levels and with different approaches".
It says discussions with such parties have been ongoing on "several levels and with different approaches".
Wonder is a LC Airline who buys Boeing interested. I am sure Boeing would be "open" to discussions longer term.
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The price being paid for new capital is that all the new planes on order, i think 195 in total have been offered to other airlines.
In addition a list of assets for sale is to be drawn up and a list of routes to go. Similar of Monarchs plans to safe themselves.
Papers already think the transatlantic routes from the u..k. are top of the list to sell, especially in respect of the companies ownership, although last fridays e.u. announcement on ownership has given all airlines more breathing time.
The E.U. ruling IAG a european airline after the 29th March, may have been a factor in IAG selling all their shareholding and withdrawing from making a bid.
I was in Norway last month and can well understand the huge issues in handling the Euro, Pound and Dollar against the Norwegian Kroner, Dollar revenue to purchase fuel, you would think vital it maintains its States link.
In addition a list of assets for sale is to be drawn up and a list of routes to go. Similar of Monarchs plans to safe themselves.
Papers already think the transatlantic routes from the u..k. are top of the list to sell, especially in respect of the companies ownership, although last fridays e.u. announcement on ownership has given all airlines more breathing time.
The E.U. ruling IAG a european airline after the 29th March, may have been a factor in IAG selling all their shareholding and withdrawing from making a bid.
I was in Norway last month and can well understand the huge issues in handling the Euro, Pound and Dollar against the Norwegian Kroner, Dollar revenue to purchase fuel, you would think vital it maintains its States link.
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The price being paid for new capital is that all the new planes on order, i think 195 in total have been offered to other airlines.
In addition a list of assets for sale is to be drawn up and a list of routes to go. Similar of Monarchs plans to safe themselves.
Papers already think the transatlantic routes from the u..k. are top of the list to sell, especially in respect of the companies ownership, although last fridays e.u. announcement on ownership has given all airlines more breathing time.
The E.U. ruling IAG a european airline after the 29th March, may have been a factor in IAG selling all their shareholding and withdrawing from making a bid.
I was in Norway last month and can well understand the huge issues in handling the Euro, Pound and Dollar against the Norwegian Kroner, Dollar revenue to purchase fuel, you would think vital it maintains its States link.
In addition a list of assets for sale is to be drawn up and a list of routes to go. Similar of Monarchs plans to safe themselves.
Papers already think the transatlantic routes from the u..k. are top of the list to sell, especially in respect of the companies ownership, although last fridays e.u. announcement on ownership has given all airlines more breathing time.
The E.U. ruling IAG a european airline after the 29th March, may have been a factor in IAG selling all their shareholding and withdrawing from making a bid.
I was in Norway last month and can well understand the huge issues in handling the Euro, Pound and Dollar against the Norwegian Kroner, Dollar revenue to purchase fuel, you would think vital it maintains its States link.
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The price being paid for new capital is that all the new planes on order, i think 195 in total have been offered to other airlines.
In addition a list of assets for sale is to be drawn up and a list of routes to go. Similar of Monarchs plans to safe themselves.
Papers already think the transatlantic routes from the u..k. are top of the list to sell, especially in respect of the companies ownership, although last fridays e.u. announcement on ownership has given all airlines more breathing time.
The E.U. ruling IAG a european airline after the 29th March, may have been a factor in IAG selling all their shareholding and withdrawing from making a bid.
I was in Norway last month and can well understand the huge issues in handling the Euro, Pound and Dollar against the Norwegian Kroner, Dollar revenue to purchase fuel, you would think vital it maintains its States link.
In addition a list of assets for sale is to be drawn up and a list of routes to go. Similar of Monarchs plans to safe themselves.
Papers already think the transatlantic routes from the u..k. are top of the list to sell, especially in respect of the companies ownership, although last fridays e.u. announcement on ownership has given all airlines more breathing time.
The E.U. ruling IAG a european airline after the 29th March, may have been a factor in IAG selling all their shareholding and withdrawing from making a bid.
I was in Norway last month and can well understand the huge issues in handling the Euro, Pound and Dollar against the Norwegian Kroner, Dollar revenue to purchase fuel, you would think vital it maintains its States link.
Do Norwegian have aircraft about to roll off the assembly line?
Join Date: Aug 2017
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Well the official news out of Oslo today is that 12 of next years (2020) 24 Max are to be deferred until 23/24, MAX deliveries this year will continue, but will replace some older NG’s
Some A321NeoLR will also be delayed
January pax numbers up 13% against capacity growth of 27%
trading update scheduled tomorrow I believe
Some A321NeoLR will also be delayed
January pax numbers up 13% against capacity growth of 27%
trading update scheduled tomorrow I believe
