The wheels are starting to come off for everyone right now. SAS is asking crews for an immediate 20% pay cut. Virgin crews are being hit with immediate redundancies. Norwegian looking at a 15% reduction in staff in the face of 3,000 cancellations between now and early May.

Their financial reports are readily available: they are one of the most profitable airline in Europe with huge cash reserves.

NEDude - Where did you get this little gem from "Virgin crews are being hit with immediate redundancies."

haven’t had that notice yet , the hype people have is amazing

A colleague who has friends at Virgin. I apologize if that information was shared in error, but he did seem pretty certain of it.

https://cimg2.ibsrv.net/gimg/pprune....ddeae8e28.jpeg
Things going downhill at Norwegian?

In light of the current virus, EU will relax its legislation on state aid. This was agreed on todays meeting. Not that France, Germany or Italy follow the rules anyways. Norway is not even a member. Anyways, let “The fund” flow.
www.nbim.no

Not sure you can give state aid to an airline with its AOC in a different country, eg Norwegian Air International Limited in Dublin or Norwegian UK.

Can't see the competition commission being too happy with a Norwegian company flying irish registered aircraft from a UK base getting an unfair advantage - especially after Monach, Thomas cook and Flybe.

here’s hoping it’s not necessary.

The fund is one of Norwegians biggest shareholders, and most of the aircrafts are being re-registered in Scandinavia anyways. New management, new times. We will see how this play out, this thread has been ongoing for a long time and plenty of airlines are unfortunately no more. The rednoses, keep flying though

norwegian air uk is a UK AOC, flying G reg aircraft

Norwegian registered rather than Irish registered does not change the problem.

Example - Norwegian operating LGW - TFS with state aid in direct competition with EasyJet also operating LGW - TFS without state aid, can’t see the UK government going along with that one, they let Flybe et al go under remember.

Norwegian flying out of Norway with state aid on a Norwegian AOC - not an issue but protectionism in the EU is rife and they will look after themselves

”norwegian air uk is a UK AOC, flying G reg aircraft” eligible for state aid from Norway without breaking competition rules?

If Norwegian get anyything from the Norwegian government that can be likened to state aid it will be well hidden and evenhanded.
It could be a general time limited reduction in airport and/or airspace fees, or a way to bypass union rules and faster make people redundant or onto unpaid leave and then immediately give these (ex) employees an increased dole (already done in both UK and Ireland I believe). Maybe some delayed tax for all industries like the fee employers pay for having employees.
They are not about to insert 100 million cash into Norwegian's coffers as a direct handout, because the queue for that line would be long from other travel industry entities like hotels and event organisers plus others that feel they should get some to.
And the Norwegian Wealth Fund to buy up more of the Norwegian's shares to increase the sharevalue would do nothing for the airline's finances, only for its shareholders.

Norwegian government is said to come up with measures on Friday. Checking against EU and other international rules at present. Expect reduction in taxes and fees plus as mentioned in post above.
No direct infusion of cash, I believe.
Per
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Visited PIK today.

Six Norwegian 787’s parked up without engines fitted. All looked to be in a “stored” condition with taped up windows etc.

Quite a sad sight. Hopefully some good news will be forthcoming for the employees before too long.

do you have a link to the pictures?

Michael O'Leary will doubtless have his hand out demanding a similar package for Ryanair.

The stored B787s are probably due to the engine issues, unfortunately it's a catch 22 situation. The downtime is available to attend to engineering programs but the money isn't and there's no immediate work for them anyway.

Afraid not.

Keeping a wide body on the ground costs about 50k per day. Excluding crew, mantainance, fees and everything else. That’s a lot of relaxing from the government needed.

The transatlantic ban for 30 days just announced will surely hit Norwegian hard.

Yep
Pretty much a death sentence baring state intervention.