Norwegian Air

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NAS and four Irish subsidiaries are under High Court protection from creditors while examiner Kieran Wallace of KPMG works on a rescue plan for the Scandinavian carrier.

Norwegian Air Shuttle (NAS) creditors could challenge the troubled airline’s efforts to hand back more than 30 aircraft. NAS and four Irish subsidiar(...)

Norwegian Air Shuttle is seeking to implement a rescue. Photograph: iStock

Troubled airline Norwegian Air Shuttle (NAS) is seeking to hand back 36 aircraft to lessors as it seeks to cut its fleet in an overhaul of the busines(...)

Norwegian hopes to emerge from the Irish examinership in April, after which it could initially fly up to 53 aircraft, depending on how Covid-19 travel restrictions hit bookings. Photograph: PA

Norwegian Air Shuttle (NAS) told creditors it plans to cut its fleet by more than half as it prepares for a crucial Irish court date on Thursday. The(...)

Norwegian and five Irish subsidiaries are under High Court protection from creditors since mid November, when it had debts of more than €4 billion, while Mr Wallace puts together a rescue plan for the airline group. Photograph: iStock

Norwegian Air Shuttle’s (NAS) High Court-appointed examiner has another month to finalise a rescue plan for the troubled airline group. NAS and five (...)

Norwegian, like most other airlines, suffered a body blow after the pandemic grounded countless flights and plunged the industry into  crisis. Photograph: iStock

Norway’s government has agreed to provide financial backing for troubled airline Norwegian Air Shuttle provided it meets a number of conditions. The(...)

‘Airlines will need ongoing access to emergency liquidity - including government support’. Photograph: Chris Ratcliffe/Bloomberg

More airlines will go out of business this year as the industry faces the loss of a further $38 billion, according to a new report. The International(...)

Norwegian Air is in examinership. Photograph: iStock

The High Court has wound up an Irish-registered company within the Norwegian Air airline group. An examiner was appointed to the airline, which owes(...)

Michael McAteer, newly re-elected managing partner of Grant Thornton Ireland. Photograph: Crispin Rodwell

After months of damaging revelations about its former chief executive John Delaney, taking on the Football Association of Ireland (FAI) as an aud(...)

The carrier said it flew 129,664 passengers last month with low demand caused by restrictions across Europe.

Troubled airline Norwegian said passenger numbers were down 94 per cent last month due to travel restrictions linked to the coronavirus pandemic. The(...)

Have you ditched cash for card for good this year? The Covid-19 pandemic has hastened the demise of notes and coins, Fiona Reddan writes in her weekly Money Matters column. Photograph: iStock

Thousands of workers who benefited from availed of State wage subsidies including the Temporary Wage Subsidy Scheme and the Pandemic Unemployment Paym(...)

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