How is it rubbish ? Makes sense unless you can think of another reason ......

Monarch are buying their 737s through a "sale lease back scheme". This where the airline negotiates the aircraft price but a third party actually buys them (in this case Boeings Air Lease Corporation) and the Airline then leases them back, so Monarch will be paying no money up front for these planes! This is how 90% of all Airlines buy their aircraft party because it totally removes the Aircraft debt from the balance sheet, which would be vital to an asset poor company like Monarch.

The link between Greybull and Montegazza is very tenuous, lots of rumours but no proven link between them. Greybull are a perfectly legitimate investment company and Monarch a viable business (the days of money laundering are long gone)!

Norwegian has welcomed news that our British subsidiary ‘Norwegian UK’ (NUK) was last night given tentative approval by the U.S. Department of Transportation (DOT) for a foreign air carrier permit.

The NUK subsidiary was set up in November 2015 to allow us to build on our growing UK operation by accessing bilateral traffic rights to a series of global markets – NUK has already announced plans for new flights from London Gatwick to Singapore, starting in September and Argentina starting in February 2018.

We will now be pushing for the US DOT to finalise the permit which will also allow our NUK subsidiary to operate low-cost flights between the U.S. and Europe.

Once final approval is received from the US authorities, Norwegian UK will be able to establish a seamless operation and more effectively utilise its long-haul fleet – this includes the use of the same aircraft on all long-haul routes including the U.S., Singapore, Argentina and other future long-haul markets.

I note from the DOT Order To Show Cause, the UK government supports the NA UK permit application. I would expect that support to be totally impartial. However;

“...300,000 central government employees from 18 departments benefit from reduced fares on all Norwegian flights…”

https://buyingbusinesstravel.com/new...avel-programme

Norwegian’s lack of pilots continues, with eight more cancelled flights last Thursday;

Rotete dag og kveld for Norwegian - Norwegian Air Shuttle - Næringsliv - E24

Unfortunately, on Sunday, Norwegian also suffered a third 787 in flight engine shutdown in as many months;

Incident: Norwegian B788 over Greenland on Jul 16th 2017, engine shut down in flight

With no immediate cure for malignant pilot shortages, a long-standing CFO abruptly leaving, reoccurring labor troubles, increasing costs, grave company debts, plunging stock price, more passengers choosing more frequency carriers with included extras – all means at least one old Norwegian bear is :mad: in the woods.

Yeah sounds wonderful..... am I missing something ?

Snapper, you are not missing anything. Your previous offerings also have some merit.Those of us from the long missed era will recall how difficult it was to conclude who actually owned Monarch. Mate of mine with job offers from everyone as he sought to escape the dreadful BOAC/BEA merger, checked out each potential employer at a place called Companies House. Stuck on the Monarch microfiche ( I think that's what it was called in those days ), Assistant politely asked him if he was trying to find out who owned Monarch. His bleak "well, yes" was responded with the fact that nobody, actually, knew. However, whenever the company needed shed loads of money, a big fat cheque would appear from some gnome in Switzerland.


I tend to side with you Snapper. Far from rubbish.


Oh, my mate decided on Laker but they went bust. He went to Air Europe but they went bust. Had he gone to Monarch on the B720 (yes, 7 2 0 !!!) , He would have enjoyed a long, unbroken, happy career .

Discounted travel for Government employees is a very common practice, not unique and its about time it came to the UK in a noticeable form, maybe stop Ministers cruising around on BA and private jets at the tax payers expense. NAS do not have shortage of pilot applications just a shortage of training capacity, as do Qatar. Good news for UK aviation. As for the contract terms are concerned there is a tendency for an elitist attitude and we must accept the whole industry is changing, the most we can expect is respect from ground staff and cabin crew, management just view us as a resource which they have to tolerate ,provided the pay cheque arrives on time its all much the same.. and unions? in 23 years they have proved useless, worse than useless and expensive, state employment laws need to be changed, but with us Brexiting I guess thats a pipe dream

try tell that to AF,LH,EZY,KLM,BA, all American airlines...

Without union you become a seafarer...enjoy

ACMI/Wet Lease all the time
 

Recently saw the aircraft LY-MGC (Boeing 737-4Y0) owned by GetJet Airlines, operating several flights under NorTrans callsign in GCLP.

Not enough pilots for the aircrafts they have and less to come.
Big debts, but still leasing, when they could simply hire more people.

Same is happening in my airline as well, not enough people but we can still operate.

260 aircraft on order, need to crew them somehow, and they are not the only airline in the market..

Agreed about the summer peak season.

But pilots are flying max hours (896 a friend of mine did the last year).
Few friends working for Norwegian gets email each day asking them to sell their days off to cover roster.

Plus paying 4 times more for a day off ?

And as far as I know nobody has been layed off last winter (2016/17), please correct me if I am wrong.

Cabin crew for LH in BCN just received an e-mail today saying that they need to take 1 month of unpaid leave in the winter... Lets see now if pilots get the same spam...

DN newsaper reports that Norwegian’s wet leases have cost 1.2 billion kroner in three and half years. The most recent is the aircraft used for Hillary Clinton’s former campaign, operated by Xtra Airways based in Coral Gables, Florida. It arrived last Saturday.

“On board the plane were 30 pilots and cabin crew from the American airline. From 1 August, it will fly for Norwegian to cover the lack of aircraft and pilots” – Link:

https://www.dn.no/nyheter/2017/08/01...ns-kampanjefly

Hopefully, a second aircraft with 30 competent managers on board will arrive very soon.

Variety of reasons for the wet leases, some proactively booked in the Autumn to cover the change from NAS to NAI at CPH, some to cover peak Summer production and allow (some ) to have summer leave..

Reactive leasing to cover late delivery of aircraft (capacity) some to cover training bottle necks due to additional training requirements for ETOPS required by the IAA on 737 LH

The dreamer liner deliveries are also running a little late requiring additional wet lease.

Yes it cost a fortune, but much of it should be one off costs and next year is planned slower growth, this year was colossal at around 32 narrow body and 12 wide body

737 Atlantic operations seem to be settling down.

Rose tinted glasses come to mind! The money has got to come from somewhere and it is not a bottomless pit.

Wet lease costs have also increased due to Norwegian’s unfortunate spate of 787 in flight engine shutdowns – 4 in three months:-

http://avherald.com/h?search_term=No...11&search.y=21

Norwegian needs to become a well-oiled machine to fulfill its ambitious expansion plans.

A wet leased N registered 737 arriving in Oslo with 30 American pilots to address pilot shortages should cause a union response, both to inept management planning and if those pilots might also crew Norwegian’s aircraft within Europe. For those applying; information on the Schengen Work Visa process for US citizens:

https://www.schengenvisainfo.com/working-schengen-visa/

Funny that they are shutting engines down due to OIL quantity, they might have the GE engines.

On the RR engines that we use there is no checklist for OIL quantity low and the fcom clearly states, OIL quantity alone is not a reason to shutdown the engine. There are air pressure bearings that work just as well without OIL.

Trust me. Rollers are having a world of trouble with OIL. Just ask your engineers how they're coming along with a recently issued AD or search AV herald for 2 very recent in flight shutdowns.

I think that under Norwegian law all employers must grant leave during what passes for summer in Norway.

All I'm saying is, you don't shut down an engine for lack of oil (not the trent 1000 on the 787 anyway)

No What you're saying is BA's QRH doesn't tell you to shut down a Trent 1000 for lack of oil. Doesn't mean you don't shut down a Trent 1000 due to lack of oil.