Hard times for Norwegian
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Norwegian press release as reported in the "Norrwegian" thread in "Airline and Airports" Forum by Link Kilo
https://media.uk.norwegian.com/press...etwork-3064682
https://media.uk.norwegian.com/press...etwork-3064682
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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.
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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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.
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.
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...
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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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 12:24. Reason: Typo
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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.
Only half a speed-brake
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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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.
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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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.
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.