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.https://cimg3.ibsrv.net/gimg/pprune....3095f44852.jpg
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Originally Posted by TangoAlphad
(Post 10341275)
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. |
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’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. |
Originally Posted by Piscator
(Post 10341342)
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.... |
Originally Posted by jonesyinthesky
(Post 10341269)
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.https://cimg3.ibsrv.net/gimg/pprune....3095f44852.jpg
dissing your employer. Just goes to show the grass is not always green. |
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? |
Originally Posted by Council Van
(Post 10342278)
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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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. |
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. |
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. |
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. |
Originally Posted by Globally Challenged
(Post 10346719)
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. |
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 |
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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it says in the email you wil be refunded all cost...what exactly are you paying for??
Originally Posted by Speedbrakes Up
(Post 10346629)
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. |
Originally Posted by TangoAlphad
(Post 10341275)
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. |
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. |
Originally Posted by ironbutt57
(Post 10347036)
divesting 140 airplanes is indeed an "adjustment"
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” |
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