TravelMole
Breaking

Norwegian announces cost-savings programme

Wednesday, 26 December 20183 min read
Norwegian announces cost-savings programme

Norwegian Air has announced a $230 million cost-savings programme to shore up its balance sheet.

Measures include refinancing of one Boeing 787 Dreamliner to generate more than $30 million in liquidity and will cut some routes and capacity.

In a statement, the airline said: "Combined these measures should improve the financial performance from the start of 2019."

It will provide and update on the cost-savings programme on April 25, when it issues its first quarter results.