Norse Atlantic

[Prob30Tempo TSRA]

Originally Posted by ReallyAnnoyed

They issued a liquidity warning this morning. Share price down by 46% today. Till is empty.

https://e24.no/boers-og-finans/i/KMn...kviditetskrise

For those of us not Scandinavian , is there a translation ?

[Jonnyknoxville]

It'd be interesting to know who this potential investor was trying to enter the LH market , Ryan ? Easy ? Jet 2 ?

[V_2]

Originally Posted by Jonnyknoxville

It'd be interesting to know who this potential investor was trying to enter the LH market , Ryan ? Easy ? Jet 2 ?

IAG took a “significant” share and went through the books last time around, before saying no thanks and selling up. Another look?

[Prob30Tempo TSRA]

Originally Posted by Jonnyknoxville

It'd be interesting to know who this potential investor was trying to enter the LH market , Ryan ? Easy ? Jet 2 ?

m

They’d be nuts . Norwegian long haul showed this , and I think it’s fair to say , it’s not plain sailing for Norse

[PPRuNeUser45738]

I doubt anyone would want the brand. But 15 787 are a very desirable even if they do have the RR engine. And a potential airline investor may well be European based and not want the AUK AOC element

[172_driver]

Originally Posted by Prob30Tempo TSRA

For those of us not Scandinavian , is there a translation ?

• Norse stock had its worst day on the Oslo stock exchange so far (-43,01 %) following reports on low liquidity.
• Q2 results below expectation, despite high cabin factor and ancillary sales. Lower than expected ticket prices.
• Norse has credit claims on 155 million USD of which 41 million from flights not yet flown.
• Norse expects positive result Q3 and year 2025.
• Q1 they lost 680 million (NOK) and has lost billions since the start in 2021.
• Talk with a potential investor resulted in no agreement. The reason given is the investor said no to entering the long haul market. It's unknown who the potential investor was.

[Cadillac87]

Any ideas on the roster and salary for new FOs with experience? Would be much appreciated! Thanks!

[LOWI]

Originally Posted by Cadillac87

Any ideas on the roster and salary for new FOs with experience? Would be much appreciated! Thanks!

Unfortunately, a lot of social and worldwide media are reporting negatively about Norse's performance this year thus far.

I'm not sure if it would be wise to consider switching jobs right now?

I wish Norse the most success because I do believe long haul low cost is possible.

[LOWI]

I see Norse has lowered the minimum hours required on their careers website for FOs.

[srjumbo747]

[QUOTE=LOWI;11691579]Unfortunately, a lot of social and worldwide media are reporting negatively about Norse's performance this year thus far.

I'm not sure if it would be wise to consider switching jobs right now?

I wish Norse the most success because I do believe long haul low cost is possible.[/QUOTE
Low cost long haul has never worked and never will.
Too reliant on third party operators.

[DuctOvht]

Originally Posted by LOWI

I wish Norse the most success because I do believe long haul low cost is possible.

It isn’t, something that has been proven time and time again.

[LOWI]

So if Norse is destined to fail, why are they still actively recruiting and training up new pilots?

[SpamCanDriver]

Originally Posted by LOWI

So if Norse is destined to fail, why are they still actively recruiting and training up new pilots?

I've no idea of Norse are going to fail ( I sincerely hope they don't ) but recruiting people is not a sign that an airline isn't in trouble. Countless airlines have gone bankrupt while recruiting heavily, I myself lost a job when the airline went bankrupt while working my notice period to start. Unfortunately I wasn't allowed to rescind my notice either

[LOWI]

Any training going on at Norse right now?

[LeftHighandDry]

Financial issues aside, has anyone recently done the assessment process? Just got an email with links to a psychological assessment/interview with an external company and not sure what to expect. Cheers.

[FullWings]

Originally Posted by LOWI

Unfortunately, a lot of social and worldwide media are reporting negatively about Norse's performance this year thus far.

I'm not sure if it would be wise to consider switching jobs right now?

I wish Norse the most success because I do believe long haul low cost is possible.

I met a crew down route in EZE in Norse’s previous incarnation. Lovely people, good product but I couldn’t work out where the cost savings were coming from. 787s expensive to buy/lease and not that reliable (especially with the RR engines), pilot salaries not that much different and I think the cabin crew were the same or better. Same hotels, same landing fees, same fuel prices, same navigation charges, etc. but cheaper tickets. No better utilisation as LH and at the mercy of 3rd party engineering, catering, check-in and so on.

I wish them the best but the business model seemed to be based mostly on hope? What has changed significantly since MK I became MK II?

[Prob30Tempo TSRA]

Originally Posted by FullWings

I met a crew down route in EZE in Norse’s previous incarnation. Lovely people, good product but I couldn’t work out where the cost savings were coming from. 787s expensive to buy/lease and not that reliable (especially with the RR engines), pilot salaries not that much different and I think the cabin crew were the same or better. Same hotels, same landing fees, same fuel prices, same navigation charges, etc. but cheaper tickets. No better utilisation as LH and at the mercy of 3rd party engineering, catering, check-in and so on.

I wish them the best but the business model seemed to be based mostly on hope? What has changed significantly since MK I became MK II?

well for a start , the aircraft are power by the hour , rather than a million quid a month

[DuctOvht]

Originally Posted by Prob30Tempo TSRA

well for a start , the aircraft are power by the hour , rather than a million quid a month

That will be the engines, unlikely to be the aircraft too.

[Prob30Tempo TSRA]

Not occording to the folk I know there .
pay by the hour for aircraft .

more importantly , what plans to they have to get through the winter ? Always a tricky one

[A320 Glider]

PROB 30 TEMPO TSRA with a chance of Windshear ahead for Norse maybe? Or maybe PROB 40 . . .

Wish the best for the company. Some great chaps and chapettes working there.