Nine at Prestwick today, some rotating through, at least 5 now in storage.

That’s why they’ve significantly reduced the winter flying program this year. No point operating routes with no winter demand like Seattle and Chicago in January using wet leased aircraft.

The 'park or fly ' decision is an interesting one......
Out of interest...how many BA and VS 787 aircraft were parked up last winter...?

Thanks Vokes.........looks like Norwegian's RR powered 787s will be mostly grounded this winter........

https://www.thetimes.co.uk/article/r...gine-nb6svvcst

Surely the cost of all this is being borne by RR?

Meanwhile, what will their winter transatlantic schedule look like..?.....same but with more wet leases or a cull similar to their European?

From a Norwegian perspective the cash from Boeing and RR is what will keep the company going for an extra year or two.

Not really. Banks and Lenders will happily lend money now against future income. The whole Invoicing Discount industry is based on it. Assume would get 100 million in 1 yrs time then lender would lend you 80% now and 10% when rest of it comes in with 10% being their cut.

I'm not sure anyone would be prepared to lend DY anything given their perilous position. The prospect of RR compensation might play well in another rights issue though......

People will always lend money of there is a return on it. IF insurance assessors say that at a minimum RR was going to pay £10M (ignore the real figures) then basically you would find a lender who would lend 60% of this now with 30% later when it is actually paid and their fee is 10%. If RR only pay £8M then lender still gets their £1M. Always a risk nothing is paid but they will account for that anyway.

It may seem crazy risk but when a bank charges you to hold money then it is not.

Indeed.......Ink

How quickly can the 50 engines be fixed..?... Rolls are reporting that it will take until the end of 2nd qtr to get through the backlog. Presumably, there is a priority list to work through based on cycles but we've heard nothing from Norwegian about how there's are phased and the effect it may have on the already depleted winter schedule (down 20% YOY)

Bond defaults give them enough cash until just past Christmas by my reckoning so expect another rights issue at some point.

Pulling unprofitable flights out of the schedule is quite easy and relatively instant I imagine. Getting the costs to follow will be more tricky I think.

BA strikes certainly helped I'm sure and I bet Norwegian wished they had more seats available for those high yielding, late bookers.:0

The bigger issue, is Norwegian are having to ground aircraft that are costing them anywhere around $1m a month in lease payments, then wet lease in Wamos and Hifly etc to cover, costhing them lets say another $1m per aircraft per month. SO already $1m an aircraft down every month.

Its all well saying RR wiull cough some compensation at some point, but a) it may not over the additional costs and b) may take years to come in, causing a cash flow issue in between.

Winter cruises
 

Out of interest, who will replace the T Cook long haul flights for the forthcoming UK-Caribbean winter schedule, DY aircraft?

Norwegian don't have enough of their own LH aircraft, hence the various wet leases in they have. Winter longhaul will be a challenge, perhaps a non European operator?