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Restructuring Norwegian Air to get government support

Stronger Norwegian business plan convinces government to offer support

By David Kaminski-Morrow2021-01-21T08:59:00+00:00 Norway’s government has signalled that it is prepared to offer financial support to budget carrier Norwegian, to assist with the restructuring airline’s recovery, but has laid out a number of conditions. The government is stressing that it has no intention of becoming an owner of the carrier. Trade minister Iselin Nybo says the carrier’s latest restructuring plan “appears more robust” than a previous version, presented last year, which the government refused to support. Norwegian’s new business plan involves “strong” measures to deal with the company’s debt, says Nybo, and the introduction of NKr4-5 billion ($470-590 million) in new capital.

Historic few killed in traffic accidents

‘Historic’ few killed in traffic accidents January 11, 2021 For the first time in more than 70 years, the number of annual traffic fatalities in Norway fell below 100 in 2020. A total of 95 people lost their lives in road accidents last year, 13 fewer than in 2019. It’s also the first time since 1947, when few Norwegians had cars, that less than 100 people were killed on the road. Transport Minister Knut Arild Hareide called the number “historic” and claimed it reflected safer roads than ever before Four-lane divided highways that have replaced many of Norway’s old two-lane roads have especially reduced the number of head-on accidents caused by impatient motorists passing others.  New cars are also equipped with far more safety features and drivers today are more experienced than they were in the 1960s, ‘70s and even the ‘80s.

Norway s Hurtigruten Hit By Major IT Hack

Norway’s Hurtigruten Hit By Major IT Hack December 14, 2020 by David NikelHome » News from Norway » Norway’s Hurtigruten Hit By Major IT Hack The major cyber attack rounds off a sorry year for the iconic ferry and cruise company. Late on Monday morning, Norway s Hurtigruten announced it was the victim of a major IT hack. The ransomware attack has impacted several major systems. “This is a serious attack. Hurtigruten s global IT infrastructure seems to be affected,” said Ole-Marius Moe-Helgesen, Hurtigruten s executive Vice President for IT, in a statement. He said the company is now working to limit the damage. The news comes just a few months after the Norwegian parliament was hit by an IT attack.

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