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Hard times for Norwegian

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Hard times for Norwegian

Old 14th Jan 2021, 09:00
  #1101 (permalink)  
Join Date: Mar 2020
Location: Europe
Posts: 36
Originally Posted by ManaAdaSystem View Post
New business plan today. NO longhaul in Norwegian in the future.
Plus huge reduction in the 737 fleet as well. From current 92 to 50 this year and approx 70 in 2022
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Old 14th Jan 2021, 09:16
  #1102 (permalink)  
Join Date: Apr 2003
Location: Northumberland
Posts: 6,102
Norwegian press release as reported in the "Norrwegian" thread in "Airline and Airports" Forum by Link Kilo

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Old 14th Jan 2021, 09:25
  #1103 (permalink)  
Join Date: Jun 2018
Location: In the sunshine
Posts: 28
Norwegians longhaul operation will be closed, according to a press release from the CEO.
Ifeel very sorry for the dedicated longhaul crew, but the longhaul operation with Norwegian has always been operating with huge losses. So if the company is to have any chance of survival it is the only thing to do.
Granted that a few routes out of LGW were marginally profitable. This goes to show that the LCC concept is not a success when it comes to longhaul.
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Old 14th Jan 2021, 09:51
  #1104 (permalink)  
Join Date: Nov 2002
Location: Dublin
Posts: 652
As predicted..and not unexpected here. Sad news for the crews ( and staff) whom have been dangled on strings, and the real shame is this was perhaps avoidable if the "old regime" had acted as the "new regime" in terms of cost control, seeing the writing on the wall with realistic growth in capacity, no business model works with a 100% capacity growth and 20% income growth.
There is no automatic approval of this plan by the Irish Courts, again worth remembering that "Examinership" is designed to protect jobs not secure assets and with the vast majority of the jobs outside Norway going this is a real lead balloon. The "Concrete interest in investment" needs to be actually secured in cash terms before exit from the examinership process and if the existing creditors are not satisfied the courts can unleash the dogs.
The good news is that the brand may survive to live another day, no pilots want to see others without jobs wherever they may be.
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Old 14th Jan 2021, 11:18
  #1105 (permalink)  
Join Date: Dec 2003
Location: Tring, UK
Posts: 1,609
As above, no pilot wants to hear of other pilots losing their jobs. Whenever I talked with Norwegian LH crews down route, they struck me as dedicated and pretty happy with their lot.

One of the few positives is that with the removal of loss-making capacity from the market, it might make make survival for the remaining carriers a little easier, and during the recovery it may mean more job opportunities for those on the sidelines now. All those 787s will need crews at some point...
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Old 14th Jan 2021, 11:24
  #1106 (permalink)  
Join Date: May 2002
Location: mighty Blighty
Posts: 293
how many 787s they have? market going to be pretty swamped....
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Old 14th Jan 2021, 11:33
  #1107 (permalink)  
Join Date: Nov 2000
Location: I wish I knew
Posts: 624
About 35 unit. Same as the wine we will drink having been thrown under the bus! Amazon may want 767 skippers in USA. Was fairly obvious that the home market Scandinavia bases would be protected and the Norwegian court will approve this provided the Irish Courts don't pull the plug

Last edited by Avenger; 14th Jan 2021 at 13:24. Reason: Typo
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Old 14th Jan 2021, 11:43
  #1108 (permalink)  
Join Date: Sep 2008
Location: Where it is comfortable...
Age: 57
Posts: 802
The only thing surprising about the announcement is that it took so long. Sorry for all those involved, but it never made business sense.
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Old 14th Jan 2021, 11:48
  #1109 (permalink)  
Join Date: Aug 2000
Posts: 1,475

35. They own 11 of them, the rest are leased. Used to be 37, but 2 are already gone.
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Old 14th Jan 2021, 12:23
  #1110 (permalink)  
Join Date: Oct 2016
Location: Ayrshire
Posts: 55
Six engineless 787s at Prestwick currently looked after by Chevron. The implications of today's announcement go beyond Norwegian.
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Old 14th Jan 2021, 13:08
  #1111 (permalink)  
Join Date: Mar 2002
Location: EU
Posts: 638
And the RR ones will not be high on the wishlist.
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Old 14th Jan 2021, 14:33
  #1112 (permalink)  
Join Date: Oct 2002
Location: sussex
Posts: 613
Not surprised ,a flimsy bussiness model at the best of times.
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Old 15th Jan 2021, 09:15
  #1113 (permalink)  
Join Date: Apr 2017
Location: Right here
Posts: 26
So in summary; Norwegian appears on the market, destroys everybody elses T&C's with their unsustainable business model, and then kills itself... Thanks for that. Good riddance to the flying tampons.
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Old 15th Jan 2021, 09:34
  #1114 (permalink)  
Join Date: Oct 2015
Location: My house
Posts: 48
Thatís a bit harsh! I would much rather a sustainable Norwegian survived than the likes of Wizzair with their proper race to the bottom terms and conditions.
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Old 15th Jan 2021, 10:15
  #1115 (permalink)  

Only half a speed-brake
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Age: 44
Posts: 3,460
The point in his post probably is that Norwegian grew unsustainable. And if it wasn't for them, SAIL would not need or exist, or similar.
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Old 15th Jan 2021, 11:51
  #1116 (permalink)  
Join Date: Mar 2018
Location: USA
Posts: 74

It appears you have no clue about the T&C at Norwegian.
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Old 15th Jan 2021, 12:32
  #1117 (permalink)  
Join Date: Nov 2010
Age: 54
Posts: 633
The T&C offered in FLL were not great. If I remember correctly $10K/month for PIC. That’s about half of what a NB PIC makes at pretty much any US carrier.
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Old 15th Jan 2021, 13:25
  #1118 (permalink)  
Join Date: Mar 2013
Location: EU
Posts: 499
Thoughts to the affected crews.

As a side note, can we leave comparing EU to US salaries to another thread? At this moment in time they are just not directly relatable, reasons for that can be debated elsewhere. It contributes almost nothing to this topic.
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Old 15th Jan 2021, 13:30
  #1119 (permalink)  
Join Date: Nov 2010
Age: 54
Posts: 633
If you’re referring to my post, it was comparing the Norwegian T&C offered to pilots based in the US, to the rates of US carriers, so I thought it was relevant.
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Old 15th Jan 2021, 13:34
  #1120 (permalink)  
Join Date: Apr 2006
Location: where I lay my hat
Posts: 106
Kind of academic, seeing as the long haul is no more.

The short haul T&Cs are more competitive. I was tempted, and it was only the lack of job security that put me off. I hope that side of things survives and grows.
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