Hard times for Norwegian
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The UK JRS scheme will at least, hopefully, give something for at least 3 months, ointment-fly-in you can't work for your employer while on furlough, so I guess if they call up and say "hey move this plane, we're going to pay you" then you must come off furlough and back on again? and now NAS has dumped OSM and the other agencies will it seek a "direct employment contract" with pilots via the talent pool.. even ad hoc.. read as "flexible " in the big plan
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In their plan they mentioned only temporary contracts are around 30% less in overheads. To be honest, not really appealing but not like there is going to be much choice in the future.
Don't forget CPH, both long and short haul and ARN that also got run over by that bus.
Don't forget CPH, both long and short haul and ARN that also got run over by that bus.
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So if l get this right they have effectively downsized from 154 ish aircraft to 7 aircraft and consolidated all their operations in Scandinavia for the foreseeable future.
Most pilots have been thrown to the wolves and placed in a holding pool until they might be required. Ouch.
Good luck to all.
Most pilots have been thrown to the wolves and placed in a holding pool until they might be required. Ouch.
Good luck to all.
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There were some Scandi - Spanish routes that were nearly always full, plus very profitable onboard sales. Assuming they are as keen to chase the sun as always (especially so after Covid) I wonder if it might be shortsighted of Norwegian to mothball those routes?
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What I understand from news they want to operate in the future around 47 aircraft which is 1/3 of current numbers with bases only in Scandinavia and LH routes from Scandinavia which have been previously cancelled.
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Leaving national sentiment aside, remember that the new owners are now mostly American and Irish, and they are investors interested in getting their money back and then make some while they're at it. This means that they will open and close routes based in their margins, weather that's north, south, east or west.
This also goes for the crews. Norwegian stopped growing crew bases in Norway a long time ago and didn't even have a LH base in OSL despite their LH operation there. This is so because Scandinavian crews are more expensive than crews in Italy, UK or Spain for example. And I doubt that current owners will look at anything else than profit margin and yield returns in the future, particularly when they already closed Scandinavian bases in CPH and ARN for both SH and LH.
Don't be surprised of a new CEO and executive management replacement when the new board is formed in a few weeks... And expect them to have a strong airline background and speak English with no accent.
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What we really need is a “ co op “ airways where employees own it and see the benefits.
All this false rednose bonhommie and your pilot agency just has its contract terminated , end of story , thanks and goodbye.
Actually not even a thanks.
All this false rednose bonhommie and your pilot agency just has its contract terminated , end of story , thanks and goodbye.
Actually not even a thanks.
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Given how well the board has done I very much doubt they will be replaced.
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
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The CEO predicted only 7 737 in operation until April next year. I think he is too pessimistic.
They will focus on their home area, that is the Nordic countries. Some longhaul operations, but only if it is profitable. He would not say anything specific about routes. He expect a need for more funds when they start to increase production because of increased cost.
They got rid of 10 billion NOK in debt, but need to start borrowing again soon.
They way they set up shop with crew agencies shows how easy it is to get rid of the crew It is positive for Norwegian, but really bad for crew.
They still have the MAX problems, the Dreamliner problems and 100 Airbus on order. And they are still up to the neck in debt. They got through the last days with success, and that is job really well done by Schram and his team.
They will focus on their home area, that is the Nordic countries. Some longhaul operations, but only if it is profitable. He would not say anything specific about routes. He expect a need for more funds when they start to increase production because of increased cost.
They got rid of 10 billion NOK in debt, but need to start borrowing again soon.
They way they set up shop with crew agencies shows how easy it is to get rid of the crew It is positive for Norwegian, but really bad for crew.
They still have the MAX problems, the Dreamliner problems and 100 Airbus on order. And they are still up to the neck in debt. They got through the last days with success, and that is job really well done by Schram and his team.
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Just one thing I do not understand is that all Spanish based crew have been told the won't be able access their company email soon, but there has been nothing said officially by Norwegian If they still are employed or made redundant or they will be on the furlough until restarting flying programme ?
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Given how well the board has done I very much doubt they will be replaced.
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
Also, as of today, Spain's LH 787 crews (based in BCN) are still as alive as SH 737 crews, if you can consider being alive remaining in employment with NAR ES despite the crew agreement between our legal employer and norwegian being currently suspended. This is the same situation for HEL, USA and LGW crews for both LH and SH.
Lastly, I'm not saying that the current board has done a good or a bad job. Simply that the new owners will, with all probability, choose and vote their own board in alignment with their own interest. That's all.
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Good or bad job, it really doesn’t help most of the pilots other than the chosen few up north.
The fact we learnt about our jobs disappearing from a workplace post about cessation of contract with pilot agencies - well, I should say I expected better, but I didn’t .
The fact we learnt about our jobs disappearing from a workplace post about cessation of contract with pilot agencies - well, I should say I expected better, but I didn’t .
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Given how well the board has done I very much doubt they will be replaced.
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
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Given how well the board has done I very much doubt they will be replaced.
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
LH will be cut by 40%
SH routes Scandi - Europe (ie 737 flying to/from Spain) will be cut by 9%
The number of airframes will go down to 120
737 pilots in Spain have not been thrown under the bus. They are still employed by NARes albeit under the government furlough scheme.
The ramp to normal ops will start in March 21 and be complete by summer 2022. That is the base scenario but there is also a favorable scenario with more aggressive dates
Besides effectively writing off 1billion quid of debt they are changing most of the leases from monthly payments to Pay By The Hour. This gives the flexibility to wait for demand to build up. Start flying too soon and you will end up with half empty aircraft which means the losses of the ramp up can be very significant. Therefore getting the timing right is crucial, not just for Norwegian but for every airline. Given the boisterous past a cautious approach I am sure is welcomed by those affected.
All that is in the Business plan given to the bondholders. If you want to comment why not read it instead of speculating wildly?
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The way they have gotten rid of most of their crews (weather thru direct bankruptcy of staffing companies in CPH and ARN or by breaking their contract with NAR and OSM in UK, USA, Spain and Finland) will probably end up in court in several jurisdictions as one thing is to make staff redundant thru legal processes and another quite different is to bankrupt companies that you own in order to not pay severance packages while you still receive funds and continue to operate in other locations.
It's definetely going to get interesting...