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Norwegian - Courses Cancelled

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Norwegian - Courses Cancelled

Old 21st Dec 2018, 09:01
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Norwegian - Courses Cancelled

A guy i had in the SIM a couple of times who was due to join us in the New Year has just received this email, is this the writing on the wall for all of us at Norwegian? There is a management meeting on the 7th Jan to discuss more base closures etc, it is not looking good.
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Old 21st Dec 2018, 09:23
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Originally Posted by TangoAlphad View Post
I think writing on the wall is a bit extreme.
The expansion has been consistent and not exactly small, perhaps an adjustment of the expansion plans isn't a bad idea!

Seen several internal things with regards to there being progress with the 'joint venture ' etc. Will there be changes coming? Feels like. Doesn't necessarily spell doom and gloom.
i think the focus for us will be on the long haul routes, similar to Aer Lingus, hence the interest from IAG, I can see more less profitable bases closing down, similar to EDI recently.
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Old 21st Dec 2018, 10:51
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Rolls Royce is not doing too well...
Oil guzzling triple core engines 747
Failures on final 777
Exploding during climb 380
And now the 787 problems

I hope they get through this....
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Old 21st Dec 2018, 11:00
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They’ll have lost a fortune at Gatwick yesterday too. Apparently they have ten days to receive new equity or they’re in breach of banking covenants. Read into that what you will. Of course someone could pump more money in (and very probably will) but at this stage I think it’s good money after bad, the Long Haul Low Cost model just doesn’t work. I don’t know how many more times people can try or would after this (they will) but it’s got a proven track record of failure. Norwegian are barely profitable in the good times and we’re about to move into some highly uncertain times.
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Old 21st Dec 2018, 11:09
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Originally Posted by Piscator View Post
Rolls Royce is not doing too well...
Oil guzzling triple core engines 747
Failures on final 777
Exploding during climb 380
And now the 787 problems

I hope they get through this....
They also have the A350 doing ETOPS370 and A330 ETOPS330 just approved both with RR engines so it’s not all bad and not as if other manufacturers are without their faults. We still remember exploding CFM56s and now they’re very well regarded. PW also had a complete uncontainable failure on a A380 in the cruise.
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Old 21st Dec 2018, 11:33
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Originally Posted by jonesyinthesky View Post
A guy i had in the SIM a couple of times who was due to join us in the New Year has just received this email, is this the writing on the wall for all of us at Norwegian? There is a management meeting on the 7th Jan to discuss more base closures etc, it is not looking good.
So if your in the middle of your notice period waiting to leave current employer you could be in no-mans land. Lets hope the Chief Pilot takes pity on you and you've not been
dissing your employer. Just goes to show the grass is not always green.
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Old 21st Dec 2018, 12:55
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Looks like it was a lucky escape that my sim assessment was a complete disaster! Sad to say, it looks like IAG/Ryanair/X Airline will just wait to pick up the assets from the liquidator/slot auction, rather than bid. Was chatting to finance guy from Norway recently - he was even more negative than what we see here (but then again, I never trust the word of a finance guy).
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Old 22nd Dec 2018, 16:06
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About due another recession, especiy as the last one never really ended bar for stupid low interest rates.

​​​​​​I woul personally be very careful to consider weather it is a good time to jump ship or not depending on who your current employer is?
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Old 23rd Dec 2018, 02:42
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Originally Posted by Council Van View Post
About due another recession, especiy as the last one never really ended bar for stupid low interest rates.

​​​​​​I woul personally be very careful to consider weather it is a good time to jump ship or not depending on who your current employer is?
I agree about the fear for an incoming recession; regarding to “ship jumping” I can think only of one or two employer (in easaland) where people can feel relatively safe during recession....sometime with an incoming recession is time to start to jump ships, depending on the current employer.
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Old 23rd Dec 2018, 16:13
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Old 29th Dec 2018, 14:32
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It is a good decision to “take a breather” and review the company and trim it. At least the management is aware of it, why this plan has been put into effect. From what i have been told new 787’s will be covering for the AOG 787 awaiting engine changes.
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Old 29th Dec 2018, 15:06
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I am curious, what is there to trim exactly? I might be an external observer but it seems to me like the company is not exactly spending left right and center.
Not much in terms of pilots salary and crew hotel accomodation I would say, the conditions I have seen are already far from great on both fleets.
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Old 29th Dec 2018, 15:20
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It's a good decision to take a breather......

Tell that to the pilots who were working their notice, and perhaps their current employer would not allow them to withdraw their notice?

Again Norwegian reacting without thought to how they are going to effect people's lives.
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Old 29th Dec 2018, 17:32
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I sent my CV to Norwegian before summer and was offered an assessment which I never booked.

Occasionally they email me with the application form again asking me to complete it - which I ignore.

I find it odd that they emailed me with the same form this morning given the above.
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Old 29th Dec 2018, 17:47
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Originally Posted by Globally Challenged View Post
I sent my CV to Norwegian before summer and was offered an assessment which I never booked.

Occasionally they email me with the application form again asking me to complete it - which I ignore.

I find it odd that they emailed me with the same form this morning given the above.
Case of the left hand not knowing what the right hand is doing. Happens all the time in big companies.
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Old 29th Dec 2018, 18:16
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It's a good decision to take a breather......

Tell that to the pilots who were working their notice, and perhaps their current employer would not allow them to withdraw their notice?

Again Norwegian reacting without thought to how they are going to effect people's lives
Not much of a point to join a company if it goes under either. It is absolutely the right thing to do, take a breather and make sure the business is sound going forward. Short term pain, long term gain. Most unfortunate for those waiting for a course but much better that than the whole company looking for a new job. The 737 stuck in Iran and the Gatwick closure must have cost millions and action had to be taken, doing otherwise would have been extremely foolish. In addition if RR has not yet found a permanent fix it would be madness to just keep taking in airframes and making the problem bigger.
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Old 30th Dec 2018, 00:30
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Calypso, I think the company's issues are far deeper than not employing pilots it had promised jobs. If taking on those who have handed in notices or who have done so and have started type ratings will bring the company to it's knees then you're all fubar'd
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Old 30th Dec 2018, 03:47
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it says in the email you wil be refunded all cost...what exactly are you paying for??


Originally Posted by Speedbrakes Up View Post
It's a good decision to take a breather......

Tell that to the pilots who were working their notice, and perhaps their current employer would not allow them to withdraw their notice?

Again Norwegian reacting without thought to how they are going to effect people's lives.
Are you really that naive?!
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Old 30th Dec 2018, 06:02
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Originally Posted by TangoAlphad View Post
I think writing on the wall is a bit extreme.
The expansion has been consistent and not exactly small, perhaps an adjustment of the expansion plans isn't a bad idea!

Seen several internal things with regards to there being progress with the 'joint venture ' etc. Will there be changes coming? Feels like. Doesn't necessarily spell doom and gloom.
divesting 140 airplanes is indeed an "adjustment"
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Old 30th Dec 2018, 07:39
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It amazes me just how deeply some people have their heads in the sand when it comes to Norwegian.

The fundamental issue is that the business model doesn’t work....they haven’t suddenly hit upon some magic formula that no one else was aware of.

You cannot build a fleet of very expensive aircraft, expand the way they have and do it charging £170 to fly to the West Coast of the US. The ‘defenders of the faith’ are here blaming everything but the elephant in the room...if 1 airport closing for 1 day can almost push you under then there are very very serious problems with your business.

I believe it is only still here because its owners are too proud to admit their crack at the low cost long haul experiment has failed yet again, and keep throwing good money after bad. It’s only a matter of time until the whole shooting match collapses.

Last edited by DuctOvht; 30th Dec 2018 at 10:44.
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