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?