If you ran a few business you accountant would try to get you to run a loss to offset tax!

Did BMI ever make a profit?!!

789's
 

No sign of any let up with 787 engine maintenance - 4 x Norwegian 789's now at BHX with at least two on the terminal remotes.

Not sure if any were actually inside MAEL..

Amazing to have 4 on maintenance at any one time let alone at one facility.

Pete

What a load of b0ll0x!
Having run numerous businesses, public and private, I have never received advice like that from an accountant.

We have just returned from a trip to colorado - we had to book at fairly short notice which meant that any flights from up here in Scotland were extortionate (£1200+ each and all indirect flights),after examining a few options (all indirect) we took a calculated risk and booked LGW - Denver non stop/direct with Norwegian for the cheapest fare I have ever paid for a transatlantic flight.
We departed on time from LGW in a 787 (I would rather have been in a 747/757 etc :)) had a very tasty meal and arrived safely on time,we had booked the normal cattle class (not the absolute cheapest fare),legroom was just about ok for me (5' 11''/182cms) and comfy enough with a couple of walkabouts occasionally.
We returned last thur/fri,there was a delay with the incoming a/c (weather delay ?) so we boarded just over an hour late - then Capt Jinx told us we would still arrive on time LOL - shortly afterwards there was a further delay (slight tech issue ??) and we departed approx 2 hours late but had a reasonable tailwind (720 GS at one stage) and arrived at LGW perhaps 1 hour late (cannot remember exact times),the meal on the return journey was extremely bland but we survived it LOL
So the trip was successful - we had a great holiday and Norwegian flew us safely both ways for a good price,even with the long drive down to LGW and car parking etc we saved lots of dosh,and we visited friends on the drive back north anyway to make the most of the long drive.

Not exactly, EDI has been cancelled because of APD and BFS cancelled because of leakage to DUB. I know this is the has been the case for some time, and Norwegian have just shifted the capacity to Ireland instead and fleshed out the DUB schedule as well as SNN and ORK.

It does work from Ireland though, which is why they are increasing SWF and PVD from DUB.

NewsNow: Loading story...

Link to a story that Norwegian now a bigger carrier in the New York area than BA.

I can guess which airline is making more money flying to the New York area.

All gone very quiet on the Norwegian front?

Have they sufficiently steadied the ship or how is the fuel price increase impacting them? Will a deal be done quietly with IAG? Not sure when the next trading update is due...

The South American route (we all know what it is!) is going to be announced at the end of November. There is an ambition to cease all wet leasing, so there are going to be some reductions in France and Italy to counter that.

Next trading announcement I believe is the middle of November.

Most airline share prices are down - just look at easyJet or Wizzair, even Ryanair - they are all down. Must have been getting confused with flyBe, their results are November.

https://investor.ryanair.com/share-price/

This allows comparables between airlines and as someone else said they are all down.

Put it down to
Oil Prices
World uncertainity
Brexit
Time of year

Share price up from 18 on Tuesday to 23 EUR by today. Looking at the whole market this is a nice performance. Any take over rumours behind thins?

From a Reuters news feed.

Norwegian Air sells five Airbus 320neo aircraft.

Budget airline Norwegian Air has agreed to sell five Airbus 320neo aircraft as a part of its plan to ease capital commitments and strengthen its balance sheet.

The aircraft, which will be delivered in the fourth quarter of 2018, are currently leased out and not operated by Norwegian Air, the company said on Friday.

"Sale proceeds will be used to repay debt and to increase the Company´s liquidity," Norwegian Air said.

Liquidity is expected to increase by $62 million after the repayment of debt, it said.

Norwegian Air has committed to buying 210 new aircraft from BoeingBA.N and AirbusAIR.PA by 2020 and has said as many as 140 planes could be sold over time as a part of the renewal of its fleet and to help reduce debt.

Norwegian Air said last week it is in advanced talks with an unnamed partner on a fleet joint venture and hopes to give more information before the end of the year.

Europe's third-largest budget carrier by passenger numbers has grown rapidly, but fast growth has left it under pressure to control costs and shore up its balance sheet.

More here from Travel Mole:
https://www.travelmole.com/news_feat...ews_id=2035455

Isn't the immediate problem the 31st December with some very interest of bond payment rather than Q1 19?

I believe the 31st bond payment is fully covered.

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.

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.

That is what comes from not selling the family silver like succesive UK governments have over the years.

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.

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?

Shares down over 30%, plans to "divest aeroplanes", postpone deliveries and continue with a NKr2bn cost saving plan.

Oh dear, the signs point to a rough ride ahead. Is this the beginning of the end?

Loss for 2018 £200 million up from £170 million in 2017. Cannot go on losing money like that, something has got to give I am afraid.

Share price tumbling, prime for a take over with Lufthansa being mentioned only yesterday.

Surprised no one has thought of a way to blame Brexit

Bear in mind who its shareholders are, with Norwegian Govt or connected parts owning a good stake.

Wonder is a LC Airline who buys Boeing interested. I am sure Boeing would be "open" to discussions longer term.

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.

Can an airline sell a route? Or were you referring to the (mainly LGW) slots?

What you have said makes sense, especially if easyJet are aiming to pick up the bulk of the 320 order. When referencing the ‘UK transatlantic’ is the first to be sold, I presume you are effectively meaning aircraft + slots + aoc?

Do Norwegian have aircraft about to roll off the assembly line?