Norwegian - Courses Cancelled
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Joined: Oct 2017
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From: Milton Keynes
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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Joined: Oct 2017
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From: Milton Keynes
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.
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.
Joined: Feb 2005
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From: Botswana
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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From: UK
Joined: Jul 2001
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From: UK
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.
dissing your employer. Just goes to show the grass is not always green.
Joined: Aug 2009
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From: Qwerty
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 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?
Joined: Oct 2007
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From: World
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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From: Doha
Joined: Dec 2001
Posts: 247
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From: Mostly FL360-380, M0.78
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.
Joined: Jul 2007
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From: World
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.
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.
Joined: Oct 2016
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From: United Kingdom
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.
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.
Joined: May 2011
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From: Home Counties
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.
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.
Joined: Mar 2000
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From: uk
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.
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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From: SV Marie Celeste
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
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
Joined: Jun 2007
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From: UK
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
Joined: Nov 2006
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From: Not over the Rockies anymore.
it says in the email you wil be refunded all cost...what exactly are you paying for??
Are you really that naive?!
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.
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.
Joined: Jun 2001
Posts: 3,780
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From: Surrounded by aluminum, and the great outdoors
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.
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.
Joined: Feb 2011
Posts: 66
Likes: 25
From: UK
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.
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 December 2018 at 09:44.
Joined: Dec 2010
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From: Limbo
The divesting of aircraft is only related to ownership. LH will continue to expand once the RR issues are resolved. The next five 787-9 deliveries are already financed.
As for the rest of the discussion, we are going in circles. But let me quote Enrique Dupuy de Lômet, CFO of IAG, when the latter aquired a 4.6 percent stake in Norwegian back in april :
“IAG considers Norwegian to be an attractive investment”
“The minority investment is intended to establish a position from which to initiate discussions with Norwegian, including the possiblity of a full offer for Norwegian”
As for the rest of the discussion, we are going in circles. But let me quote Enrique Dupuy de Lômet, CFO of IAG, when the latter aquired a 4.6 percent stake in Norwegian back in april :
“IAG considers Norwegian to be an attractive investment”
“The minority investment is intended to establish a position from which to initiate discussions with Norwegian, including the possiblity of a full offer for Norwegian”
Last edited by directmisbi; 30th December 2018 at 12:52.