United Kingdom
United States
Asia Pacific
Norwegian completes business restructuring
Norwegian says it has completed its business reconstruction processes that began in November 2020.
Having achieved these milestones, the company can now look ahead to the future again with a stronger balance sheet, a more efficient aircraft fleet and a simplified structure, it says.
"Today, a Norwegian airline with a long history and a large employee base has been saved. This marks a new beginning for Norwegian," said Jacob Schram, CEO of Norwegian.
After six months’ work of reconstruction in both Ireland and Norway, Norwegian says it is now a more competitive and financially robust business.
"We have been completely dependent on the support of existing and former employees, business partners and shareholders, creditors and not least customers. We will continue to be there for our customers by providing a good service and a robust route network in Norway and in Europe." Schram added.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Gatwick braces for strike