|
In my opinion there are a lot of pointers towards an aquisition by a larger group, perhaps IAG 😏 |
Icejock
I bet that Bjørn Kjos and the gang will never sell , unless bankruptcy is next.
He had the chance last year , to twice the price he gets now! Some of you compare Norwegian with some small extinct airlines, mostly UK , this is not relevant as they have gained critical mass. A expansion pause for a year and cost-cutting is welcome by all investors , and I think we will see a load of cash being added soon. I am confident I can get cheap tqts from Norwegian for years to come. |
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Originally Posted by Wee Weasley Welshman
(Post 10369404)
|
WWW's share quote is out a bit. now down to 140p, -21.4% on the day. Someone else might be interested going forward, as unless they post some pretty impressive numbers over the next 12m, the only way is down. Airline investment, only for the brave!
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The pony is dead, stop flogging it. |
Pathetic. All you naysayers and doom merchants, I really hope you all fall on your arses one day. We as Pilots and professionals should be supporting and rallying one another, not wishing failure and making pseudo predictions of what might or should happen. But i guess this is the world we now live in. It’s all about me.....😡 |
Originally Posted by Duckanddive
(Post 10369854)
Pathetic. All you naysayers and doom merchants, I really hope you all fall on your arses one day. We as Pilots and professionals should be supporting and rallying one another, not wishing failure and making pseudo predictions of what might or should happen. But i guess this is the world we now live in. It’s all about me.....😡 |
Originally Posted by speedrestriction
(Post 10370007)
This is an aviation related internet forum; I think discussion of what is going on in the industry is why people visit this site. A major airline in difficulty is news - not good news, but news nonetheless which will attract comment and speculation. I don't think any of the contributors wish ill on any fellow professionals, but what happens here will affect other companies in the industry. FWIW went through the redundancy mill with another company several years ago - not fun at the time, but I ended up with a much better employer in the end. Keep your chin up.
It’s those that sit in their ivory towers wishing others to fail. They spout their ilinformed style of horse 💩 about what will or should happen. If you’re that clued up in aviation business, why are you not running an airline yourselves? But those who can DO, those who can’t..... |
Originally Posted by Duckanddive
(Post 10369854)
Pathetic. All you naysayers and doom merchants, I really hope you all fall on your arses one day. We as Pilots and professionals should be supporting and rallying one another, not wishing failure and making pseudo predictions of what might or should happen. But i guess this is the world we now live in. It’s all about me.....😡 |
That’s not the motivation for the type of post and referring to and you know it. |
IAG said a few days ago that they will not be taking part in a bidding war to acquire NAS. So does yesterdays news mean then that someone else has made an better offer? Lufthansa or Qatar? |
Not according to the share price |
Originally Posted by Duckanddive
(Post 10369854)
Pathetic. All you naysayers and doom merchants, I really hope you all fall on your arses one day. We as Pilots and professionals should be supporting and rallying one another, not wishing failure and making pseudo predictions of what might or should happen. But i guess this is the world we now live in. It’s all about me.....😡 I’ve been in the position of having ‘that’ letter at least 3 times but I was lucky enough to escape the chop. I know how horrible it is. Whilst I feel sorry for the employees, I won’t shed a tear when Norweigian disappears. Hopefully all the pilots can get jobs with sustainable companies that are actually profitable and give their employees a reasonable level of job security. |
That proves that probably many of the Norwegian bashers here just feel insecure because of the expansion rate Norwegian have had. I personally think they are here to stay. whether alone or that someone else buys and uses their brand, time will tell. |
From my point of view, not remotely insecure, just sick of fly-by-night companies with unsustainable businesses who end up with a load of people losing their jobs and all the upheaval & uncertainty that brings. The last 20yrs particularly have been littered with airlines like these, and the cycle just goes on and on. Sadly the industry is full of pilots who’ve had the misfortune of bouncing from one bankrupt carrier to the next. It’s depressing to see it likely happening again. |
Originally Posted by FRogge
(Post 10370443)
That proves that probably many of the Norwegian bashers here just feel insecure because of the expansion rate Norwegian have had. |
Originally Posted by speedrestriction
(Post 10370494)
I doubt this is the case. Perhaps this could conceivably be the case if Norwegian were very successful. But they are not, they are just high profile disruptors of a market segment with an underperforming model, being propped up by exogenous funding. I hope for the sake of the employees that the management can make the necessary changes to the business model before liquidity becomes an issue. |
Certainty is important
Originally Posted by Jetavia
(Post 10363518)
Well that info sounds like it came directly from O’leary’s office.. it’s BS, no such reductions as of yet.. just like Norwegian did not go under at New Years eve or was taken over by IAG on january 2nd.. stick to what Norwegian communicate, nothing else.. I understand Ryanair have included an option to input your previous staff number on their application form. If crew shortfall leads to operational cancellations in the Summer then customer confidence will plummet. I hope there is some element of contingency plan to address this. As Focus2019 launches, a very genuine best to all concerned, no one wants to see crew unemployed, why? Because it isn’t in any of our interests to have qualified pilots unemployed. |
IAG never heard about John Fredriksen. They do now. Norwegian has been engaged in third party negotiations, all the while IAG did their best to put forward another bid probably lower than the first two, counting on Kjos coming crawling back. Problem was, Kjos got the richest man in Norway with a combined wealth of £6.6bn to back him up.
Have IAG sold their shares yet? |
John Fredriksen aka Storeulv
Gooooooooodmorning all!
And and a extra good morning to all you naysayers! I am so glad on the behalf of my dear Norwegian friends. Super duper! Now what just happened? One of John Fredriksens many companys just bought into NOR in a 3 billion Nkr stock expansion! This according Bjørn Kjos has been in the making for a long time. The IAG song and dance just had to be sorted! Who is this John Fredriksen you say! Do you eat salmon , well he farms it! Do you use petroleum products, well he transports them! And a heap of other stuff you buy, you just did not know, did you! This guy does the odd charity , but he NEVER tosses good money after bad! He is called Storeulv or The Big Wolf. He some times smiles, but also has a charming grin, not unlike his nickname suggests. Anyway Time to crack a Cuban and watch how certain posters here are going to explain this away! To all of You in Norwegian. Merry xMass Regards Cpt B |
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. |
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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Originally Posted by DuctOvht
(Post 10374229)
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. 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... |
Originally Posted by directmisbi
(Post 10374248)
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... 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. |
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... |
Originally Posted by directmisbi
(Post 10374248)
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... The chickens are coming home to roost for those that made the decision to join Norwegian |
Lambourne
Whatever are you on about, you want them to fail , dont you! There is no chickens roosting anywhere. |
Originally Posted by BluSdUp
(Post 10374594)
Lambourne
Whatever are you on about, you want them to fail , dont you! There is no chickens roosting anywhere. |
Duct Overheat
Educate Yourself on the subject then.
|
Straight over your head, unsurprisingly. |
Originally Posted by lambourne
(Post 10374567)
If there is a JV coming why the continued deep cuts and crisis to raise cash? I can’t imagine investors wanting to buy more worthless shares. The negative balance sheet isn’t 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 |
Originally Posted by DuctOvht
(Post 10374741)
Straight over your head, unsurprisingly. |
Originally Posted by BluSdUp
(Post 10374594)
Lambourne
Whatever are you on about, you want them to fail , dont you! There is no chickens roosting anywhere. There is no sympathy in the industry from anyone I’ve ever met for the uncertain future of Norwegian. |
Originally Posted by TangoAlphad
(Post 10374898)
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. Can you point me to the TOS that says non Europeans aren’t allowed an opinion on the threads. Good day |
Originally Posted by lambourne
(Post 10375050)
Thats not very civil or enlightened. Calling names. Aren’t you far above that? I haven’t 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 aren’t allowed an opinion on the threads. Good day |
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 . |
Up she goes!
NAS ( Norwegian Air Shuttle ) up 7,3% to 129Nkr on Oslo Børs!
:ok: |
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. |
Originally Posted by samca
(Post 10375729)
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. 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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