So what happens to tickets booked long haul for the summer.

Covered in the press release at #18

clipstone1

Owned means completely free of "loan security" and doubt there is a substantial amount of aircraft that are.

Why ? because you would be doing sale and leaseback deals to generate cash to survive if that was the position.

It is likely US EXIM have significant debt with Norwegian, they and Boeing will be keen to move them on to someone else.

UK Govt have significant stake in 6x 787-900s via underwritten loans.

Depends on the documentation, underwritten loan sounds like they guaranteeing it.

Unless it is ultimiately 1st (floating) charge on the assets then not really worth a lot. Bit like having a second / third mortgage charge on your own house, ultimately whoever has 1st charge will add in Interest / Penalties so nobody else gets anything.

Influx of 4 Norwegian 738's into Kemble noted this morning.

... & from the ashes of long haul = Norse Atlantic Airways.

Go on.........

https://newsroom.aviator.aero/norse-...-haul-airline/
Same guys, same business model for a post COVID market. This is mental, they just walk away having destroyed all shareholder value and look to do the same **** all over again.

"Norse Atlantic aims to establish several hubs throughout the US and Europe, with destinations including New York, Los Angeles, Miami, London, Paris, and Oslo. Plans also include collaboration with other Norwegian airlines, namely Norwegian Air Shuttle and newcomer Flyr." These guys are a cancer on the industry, they make MOL look like Mother Theresa.

S1F,

There you go...

https://newsroom.aviator.aero/norse-...-haul-airline/

Yup I googled and was appaled!

They should be held accountable for their pathetic actions with Norwegian. Banned from holding an AOC

It was Einstein that defined lunacy as ...Doing the same thing over and over again and expecting different results...
Why would anyone lend these clowns a cent let alone take them seriously??..Must be an early April fool jape.

Hahah...."Norse Don't Cross The Atlantic"...or better perhaps: "Norse Donkey Sightseeing"