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Norwegian B737 Pilot selection (Updated)

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Norwegian B737 Pilot selection (Updated)

Old 29th Jan 2019, 10:10
  #1141 (permalink)  
 
Join Date: Feb 2011
Location: UK
Posts: 44
No need to explain it away.

Time will do the talking.

I think youíve misunderstood his involvement - Norweigian are trying to raise cash through a rights issue which your White Knight is underwriting. That is all. This comes on top of a nearly £300million loss in 2018.

Hardly fantastic news and the stock market has reacted as you would expect for people with no emotional attachment.

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Old 29th Jan 2019, 10:13
  #1142 (permalink)  
 
Join Date: Jun 2007
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Glad you feel the positive vibes! I am curious though why market punishes the stock with some 10%. Shouldn't it be going up? Too soon to tell if this is a game changer for the future or just more advanced CPR.
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Old 29th Jan 2019, 10:34
  #1143 (permalink)  
 
Join Date: Dec 2010
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Originally Posted by DuctOvht View Post
No need to explain it away.

Time will do the talking.

I think you’ve misunderstood his involvement - Norweigian are trying to raise cash through a rights issue which your White Knight is underwriting. That is all. This comes on top of a nearly £300million loss in 2018.

Hardly fantastic news and the stock market has reacted as you would expect for people with no emotional attachment.





No need for you to comment on it then..

Rolls royce engine issues solved. Joint venture fourthcoming. Analysts forecasting close to 1 billon nok profits for 2019. Media already speculating that John Fredriksen will buy the shares held by IAG. Journalists have contacted the press office of IAG as to why the shares haven't been sold yet. The answer was "...we will sell, when the time is right.."
The expansion is nearly finished, only 5 787s to go before the fleet of a total of 41 787s is complete...

Last edited by directmisbi; 29th Jan 2019 at 11:05.
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Old 29th Jan 2019, 14:00
  #1144 (permalink)  
 
Join Date: Apr 2018
Location: Western Europe
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Originally Posted by directmisbi View Post
No need for you to comment on it then..

Rolls royce engine issues solved. Joint venture fourthcoming. Analysts forecasting close to 1 billon nok profits for 2019. Media already speculating that John Fredriksen will buy the shares held by IAG. Journalists have contacted the press office of IAG as to why the shares haven't been sold yet. The answer was "...we will sell, when the time is right.."
The expansion is nearly finished, only 5 787s to go before the fleet of a total of 41 787s is complete...
IAG just saw their Norwegian shares value drop to the lowest point in a long time.
They will not be in a hurry to sell.
Fredrikson will not be interested in the IAG shares.
He is an Underwriter, meaning he will have to buy any right issue shares not bought by current shareholders.
these are at a discount and therefore cheaper than the IAG shares.
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Old 29th Jan 2019, 14:49
  #1145 (permalink)  
 
Join Date: Apr 2011
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Hope it will be sorted for all in Norwegian eventually and interesting development with Fredriksen. Remains to be seen how many shares they will issue and at what price still so dilution for current shareholders.

But the loss was 2.2B NOK for 2018 and 1.9 B in cash at hand at end, and burn roughly 2B last year. Agree as said earlier share price drops because the issue will be discounted. good for staff to keep the show on the road for longer but as said earlier key is to make money from the operations which seems to be focus now more than expansion...
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Old 29th Jan 2019, 16:31
  #1146 (permalink)  
 
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Originally Posted by directmisbi View Post
No need for you to comment on it then..

Rolls royce engine issues solved. Joint venture fourthcoming. Analysts forecasting close to 1 billon nok profits for 2019. Media already speculating that John Fredriksen will buy the shares held by IAG. Journalists have contacted the press office of IAG as to why the shares haven't been sold yet. The answer was "...we will sell, when the time is right.."
The expansion is nearly finished, only 5 787s to go before the fleet of a total of 41 787s is complete...
If there is a JV coming why the continued deep cuts and crisis to raise cash? I canít imagine investors wanting to buy more worthless shares. The negative balance sheet isnít going to be fixed in this round of one card monte.

The chickens are coming home to roost for those that made the decision to join Norwegian
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Old 29th Jan 2019, 17:04
  #1147 (permalink)  
 
Join Date: Feb 2013
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Lambourne
Whatever are you on about, you want them to fail , dont you!
There is no chickens roosting anywhere.
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Old 29th Jan 2019, 17:55
  #1148 (permalink)  
 
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Originally Posted by BluSdUp View Post
Lambourne
Whatever are you on about, you want them to fail , dont you!
There is no chickens roosting anywhere.
Out of interest, do you even understand what youíve written? Iíve got no bloody idea.
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Old 29th Jan 2019, 19:03
  #1149 (permalink)  
 
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Duct Overheat

Educate Yourself on the subject then.
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Old 29th Jan 2019, 19:40
  #1150 (permalink)  
 
Join Date: Feb 2011
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Straight over your head, unsurprisingly.
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Old 29th Jan 2019, 21:25
  #1151 (permalink)  
 
Join Date: Aug 2011
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Originally Posted by lambourne View Post


If there is a JV coming why the continued deep cuts and crisis to raise cash? I canít imagine investors wanting to buy more worthless shares. The negative balance sheet isnít going to be fixed in this round of one card monte.

The chickens are coming home to roost for those that made the decision to join Norwegian
I'm curious Lambourne. How much do you actually know about aviation in Europe these days? Please take a look at PPjn and compare salaries etc. I think you will be quite surprised... Many of us chose Norwegian because it was by far the best bet outside of the legacy carrier possibilities in our countries! There is a reason why many people are crossing their fingers for the airline in Europe - We quite like it here! I can only imagine all the hate is rooted in the fact that you are working for the competition?
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Old 29th Jan 2019, 21:56
  #1152 (permalink)  
 
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Originally Posted by DuctOvht View Post
Straight over your head, unsurprisingly.
You must be a breeze to fly with...
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Old 29th Jan 2019, 22:08
  #1153 (permalink)  
 
Join Date: Oct 2007
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Originally Posted by BluSdUp View Post
Lambourne
Whatever are you on about, you want them to fail , dont you!
There is no chickens roosting anywhere.
Well you have said it so that makes it so....lol

There is no sympathy in the industry from anyone Iíve ever met for the uncertain future of Norwegian.
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Old 30th Jan 2019, 03:07
  #1154 (permalink)  
 
Join Date: Oct 2007
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Originally Posted by TangoAlphad View Post
Well in Europe (where this is mainly relevant) really it is quite the opposite.

Several times on this forum you have posted frankly disgusting remarks towards fellow aviators that highlight you know very little about the European aviation market. Crawl off back to insulting anyone that doesn't work for 'the big 3' you dinosaur.
Thats not very civil or enlightened. Calling names. Arenít you far above that? I havenít called Norwegian crews names. But most everyone has a few descriptors. Flags of convenience are not good for the industry and I am adamantly opposed to Norwegian. Calling me a dinosaur for not wanting offshoring of Pilots willing for work for mere percentage of the going rates? Go ahead and limbo under the fence.

Can you point me to the TOS that says non Europeans arenít allowed an opinion on the threads.

Good day
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Old 30th Jan 2019, 08:15
  #1155 (permalink)  
 
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Originally Posted by lambourne View Post


Thats not very civil or enlightened. Calling names. Arenít you far above that? I havenít called Norwegian crews names. But most everyone has a few descriptors. Flags of convenience are not good for the industry and I am adamantly opposed to Norwegian. Calling me a dinosaur for not wanting offshoring of Pilots willing for work for mere percentage of the going rates? Go ahead and limbo under the fence.

Can you point me to the TOS that says non Europeans arenít allowed an opinion on the threads.

Good day
You are entitled to your own opinion but not your own facts. You are embarrassing yourself. Good day to you..
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Old 30th Jan 2019, 09:02
  #1156 (permalink)  
 
Join Date: Oct 2016
Location: United Kingdom
Posts: 47
In defence of Norwegian, all employees are employed on local contracts at their home base, UNDER LOCAL employment law .

That's why for example a Rome contract has a better pension then a Gatwick contract .

Now the contracts for short haul, were good and a reason Lots of pilots joined from other low cost airlines.
Will that be the case after the preposed cuts, perhaps not .
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Old 30th Jan 2019, 11:19
  #1157 (permalink)  
 
Join Date: Feb 2013
Location: 60 north
Age: 55
Posts: 3
Up she goes!

NAS ( Norwegian Air Shuttle ) up 7,3% to 129Nkr on Oslo BÝrs!
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Old 30th Jan 2019, 17:36
  #1158 (permalink)  
 
Join Date: Apr 2008
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The richest man in Norway is investing in Norwegian thats the reason why today shares market going up today. John Frederiksen is the name exactly.

Came oooon ! Norwegian well done. Keep pushing you will be out soon.
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Old 30th Jan 2019, 18:30
  #1159 (permalink)  
 
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Originally Posted by samca View Post
The richest man in Norway is investing in Norwegian thats the reason why today shares market going up today. John Frederiksen is the name exactly.

Came oooon ! Norwegian well done. Keep pushing you will be out soon.
John Frederiksen is not investing in Norwegian - at least not unless the current shareholders do not want to use their drawing rights.
The only thing he has done for now is to guarantee that all shares will be sold.
Nevertheless good news for Norwegian.
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Old 31st Jan 2019, 08:33
  #1160 (permalink)  
 
Join Date: Aug 2015
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Originally Posted by Itsjustajob View Post
John Frederiksen is not investing in Norwegian - at least not unless the current shareholders do not want to use their drawing rights.
The only thing he has done for now is to guarantee that all shares will be sold.
Nevertheless good news for Norwegian.
Well...He will get his hands on a few shares, that is a certain.
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