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Search: Posts Made By: uncle-traveling-matt
Showing results 1 to 35 of 56
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Forum: Rumours & News
22nd Jan 2021, 07:21
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Norwegian financial media reporting this morning...

Norwegian financial media reporting this morning that Nordea bank and DNB bank willing to invest and become owners of Norwegian. DNB bank is Norway (https://en.m.wikipedia.org/wiki/Norway)'s largest...
Forum: Rumours & News
18th Dec 2020, 11:49
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

This discussion will never end. Fact is LH...

This discussion will never end. Fact is LH lowcost worked :

“He’s proven, if not to everybody but certainly to us, that the market exists and the customer will embrace the business model.”
Wille...
Forum: Rumours & News
12th Dec 2020, 19:37
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Sure, here is the opinion of Willie Walsh: ...

Sure, here is the opinion of Willie Walsh:

However, Walsh was quick to point out that the low-cost long-haul model pioneered by Norwegian was still very much a great idea.

“There is a...
Forum: Rumours & News
12th Dec 2020, 18:20
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Lars Daniel Westby, the analyst who predicted the...

Lars Daniel Westby, the analyst who predicted the chapter 11 process for Norwegian a week before it actually happened :

”Norwegian should get rid of the long-haul fleet.. And whether it is sold or...
Forum: Rumours & News
12th Dec 2020, 13:17
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Somehow I dont think Wizz Air venture into the...

Somehow I dont think Wizz Air venture into the Norwegian domestic market is going too well. Today,from local media
“ Wizz Air believes boycott campaigns against the company are bullying and in...
Forum: Rumours & News
1st Dec 2020, 13:55
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Shares are worthless until new Norwegian emerges....

Shares are worthless until new Norwegian emerges. The interesting part right now is, who is buying the bonds..
Forum: Rumours & News
21st Nov 2020, 14:19
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

liquidating Norwegian would see the creditors...

liquidating Norwegian would see the creditors loose everything :
”An independent accountant’s report submitted to the court shows that winding up Norwegian Air...
Forum: Rumours & News
20th Nov 2020, 07:01
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

The special thing now is that many of the largest...

The special thing now is that many of the largest owners are both creditors and shareholders. They are guaranteed to vote yes to restructuring if they get paid well enough for their debt in the form...
Forum: Rumours & News
18th Nov 2020, 15:11
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

https://media.uk.norwegian.com/pressreleases/norwe...

https://media.uk.norwegian.com/pressreleases/norwegian-initiates-a-reorganisation-plan-with-its-daughter-companies-norwegian-air-international-and-arctic-aviation-assets-seeking-protection-dot-dot-dot...
Forum: Rumours & News
16th Nov 2020, 08:27
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Wickerbill Enlightening. Getting rid of...

Wickerbill

Enlightening.
Getting rid of the debt is paramount. In its own absurd way, covid will see to that.
Forum: Rumours & News
16th Nov 2020, 06:59
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

There are no tricks involved. Its about sound,...

There are no tricks involved. Its about sound, financial judgement. When the creditors were lined up against the wall in the spring, they lost a lot of money accepting the debt to share conversion....
Forum: Rumours & News
15th Nov 2020, 14:35
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

From the filed courtpapers in the case versus...

From the filed courtpapers in the case versus Boeing, Norwegian are claiming compensation due to the grounding of the max and resulting losses of over 1 billion dollars. Now if Norwegian
can get a...
Forum: Rumours & News
12th Nov 2020, 10:03
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

The Scandi part alone generated more than 20...

The Scandi part alone generated more than 20 billion kr in yearly revenue, so I dont see them confined to Norway only. Retrench to Scandi bases with a 100 frames, fortify and build from there. The...
Forum: Rumours & News
11th Nov 2020, 18:31
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

dcoded Who said the Norwegian politicians...

dcoded

Who said the Norwegian politicians “declined”? The government did, but please do remember that Norway is presently ruled by a minority government, and last time I checked, Norway is still a...
Forum: Rumours & News
11th Oct 2020, 14:47
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Correct, this is about roster flexibility more...

Correct, this is about roster flexibility more than anything else. Not flexicrew contracts like easyJet had. It is a no go in the Nordics.

As for LGW SH and new Norwegian, operate Scandi to LGW...
Forum: Rumours & News
29th Sep 2020, 12:12
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Exactly. Last batch of shares in SAS were sold...

Exactly. Last batch of shares in SAS were sold off in 2018. Due to the current circumstances with covid19, SAS tried to persuade the Norwegian government to retake a stake in the company, but Norway...
Forum: Rumours & News
2nd Sep 2020, 07:24
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Geir Karlsen (CFO) specifially mentioned that the...

Geir Karlsen (CFO) specifially mentioned that the leasing companies would be part of the solution. The power by the hour arrangement and future grace of 20 percent on the leasing rates going forward...
Forum: Rumours & News
31st Aug 2020, 21:02
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Well, it's none-existent at the moment, so I...

Well, it's none-existent at the moment, so I guess they are talking about the leased frames going back to its owners. Shouldn't be too difficult a maneuver, because its the same leasing companies who...
Forum: Rumours & News
16th Jul 2020, 19:17
Replies: 7
Views: 6,221
Posted By uncle-traveling-matt

Nothing more than the usual american “sue and...

Nothing more than the usual american “sue and settle” negotiation...
Forum: Rumours & News
30th Jun 2020, 15:34
Replies: 22
Views: 22,821
Posted By uncle-traveling-matt

From an aviation analyst : Norwegian is going...

From an aviation analyst :
Norwegian is going head to head with giant Boeing on compensation for MAX on ground and B787 Rolls Royce engine problems. The cards up the sleeve are to cancel the 97...
Forum: Rumours & News
30th Jun 2020, 07:39
Replies: 22
Views: 22,821
Posted By uncle-traveling-matt

I bet those max’es will end up being delivered....

I bet those max’es will end up being delivered. And so will the compensation. Not necessarily in that order.
Forum: Rumours & News
16th Jun 2020, 21:13
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Its not sent to Oslo for “storage” but for MAINT...

Its not sent to Oslo for “storage” but for MAINT and engine change according to the company. International flights to be announced tomorrow..
Forum: Rumours & News
15th Jun 2020, 15:16
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

SH ramp up is imminent. Announcement this week....

SH ramp up is imminent. Announcement this week. LH ramp up expected Q4 this year, if things continue to improve.
Forum: Rumours & News
12th Jun 2020, 22:20
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

“There is no doubt that leisure traffic will...

“There is no doubt that leisure traffic will rebound before business travel and we will be perfectly placed to strategically and geographically take advantage of this,” Chief Executive Jacob Schram...
Forum: Rumours & News
27th May 2020, 07:04
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

The shares currently put out for sale in the...

The shares currently put out for sale in the market are swept up immediately, almost next to impossible to purchase larger portion of shares at the moment.
Forum: Rumours & News
24th May 2020, 09:13
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

From skift article ...

From skift article

https://skift.com/2020/05/20/covids-airlines-paradox-the-losers-are-the-winners/?fbclid=IwAR3AjtoP1GhW_2qVPI-w5lu4BY0agKqYrrg5wsZ1VxZgYJbZToktaHWCi5c

“Norwegian is Exhibit A...
Forum: Rumours & News
21st May 2020, 07:48
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Or nursing the airline back to good health,...

Or nursing the airline back to good health, before taking the exit with a profit. Having the worlds biggest leasing company AerCap, as owners, will be a nice instrument in getting a decent...
Forum: Rumours & News
4th May 2020, 18:19
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Nailed it.

Nailed it.
Forum: Rumours & News
4th May 2020, 07:13
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

As I predicted several months ago ...

As I predicted several months ago


Norwegian Air Shuttle ASA (the “Company”) is pleased to announce that it has received strong support from lessors for a minimum conversion to equity of USD 730...
Forum: Rumours & News
1st May 2020, 16:06
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Only a few percent to go in one of the four...

Only a few percent to go in one of the four loans. Negotiations continue.The other three loans went through with ayes in the 80 to 90 percent spectrum. All aircraft lessors are onboard with ”strong...
Forum: Rumours & News
23rd Apr 2020, 06:43
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

I can answer. A lot less than I earned in my last...

I can answer. A lot less than I earned in my last year as an FO with Norwegian. BA did put up a strike though, lasting less than 24 hrs. The brits have gone weak lately, maybe time to bring back the...
Forum: Rumours & News
19th Apr 2020, 18:08
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Finally a well balanced piece of journalism,...

Finally a well balanced piece of journalism, covering the positive as well as the negative facts regarding the current situation at NAS.
Forum: Rumours & News
19th Apr 2020, 16:48
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Made on the backs of cheap sub contracted labour,...

Made on the backs of cheap sub contracted labour, now threatening your very own existence! X fly, Cityjet, Nordica ...Your own CEO is trying to replace you, all the while SAIL is taking over more and...
Forum: Rumours & News
18th Apr 2020, 13:55
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

I agree..however some parts of LH could be kept.

I agree..however some parts of LH could be kept.
Forum: Rumours & News
18th Apr 2020, 13:35
Replies: 1,271
Views: 1,048,572
Posted By uncle-traveling-matt

Incorrect. The debt will be massively...

Incorrect. The debt will be massively decreased.The equity will be a lot healthier. Which is the purpose of the whole exercise, and this is why the Norwegian government put the demands fourth in the...
Showing results 1 to 35 of 56
 
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