18 JANUARY 2021
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The low-cost airline, Norwegian, has announced that it will be focusing on Europe with its new business plan. With no long-haul out of Gatwick this will open up possibilities for other operators.
“Our short-haul network has always been the backbone of Norwegian and will form the basis of a future resilient business model,” said Jacob Schram, CEO of Norwegian.
“The new plan is to serve these markets with around 50 narrow-body aircraft in operation in 2021 and to increase that number to around 70 narrow-body aircraft in 2022. On the finance side, Norwegian targets to reduce its debt significantly to around NOK 20bn and to raise NOK 4-5bn in new capital through a combination of a rights issue to current shareholders, a private placement and a hybrid instrument.
“Under these circumstances a long-haul operation is not viable for Norwegian and these operations will not continue.”
At the present time Norwegian has 35 Dreamliners, all grounded.
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
Michael Sadler, Newdigate
Sorry to see Norwegian 787’s go good product and we did not have to face the M25 Hope someone picks up the routes
Sandra Ann, London
I can’t see jetBlue’s little A321’s making up for Norwegian’s mighty 787's at Gatwick.
Frank West, London
Top grade product. Pity it has failed to New York from Gatwick. I will now have to pay full business class fares out of Heathrow.