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2021-01-21 13:36:33 GMT2021-01-21 21:36:33(Beijing Time) Xinhua English
COPENHAGEN, Jan. 21 (Xinhua) The Norwegian government has signaled its preparedness to contribute financially towards a reconstruction plan aimed at saving embattled international budget airline Norwegian Air Shuttle, providing private investors also contribute , said a press release from the government on Thursday.
Norwegian Air Shuttle, or Norwegian, is Europe s third-biggest low-cost airline headquartered at Fornebu in Norway, just outside the capital of Oslo.
The airline has been on the brink of collapse due to the paralyzing effects of the COVID-19 pandemic on global air traffic and crippled by an accumulated debt, standing at 58.3 billion Norwegian krone (6.9 billion U.S. dollars) at the start of 2020.
Updated / Friday, 15 Jan 2021
17:03
TLL operated as a lessor of 24 wide-body Boeing-made jets
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 its creditors some US$5 billion and several of its subsidiaries last month.
Arising out of Norwegian s decision earlier this week to cease its long-haul services the examiner to the companies, Mr Kieran Wallace, on Friday asked Mr Justice Michael Quinn to make an order winding up one of the Irish subsidiaries, Torskefjorden Leasing Ltd (TLL).
The judge made the order winding up the company late on Friday evening.
Tampa loses direct-to-London flight as Norwegian Air shifts focus to Europe
The carrierâs Tampa business had grown steadily since launching the London route in 2018.
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Norwegian Airlines has announced it will focus on short-haul European flights rather than international flights, which will cost Tampa International Airport a direct route to London s Gatwick Airport.
Tampa International Airport is losing a direct flight to London.
Norwegian Air Shuttle announced Thursday that in the wake of struggles brought on by the coronavirus pandemic, it will focus its business on short-haul flights within Europe, rather than long-haul flights to destinations such as the United States.
Norwegian has made a major decision to shut down its long-haul Boeing 787 Dreamliner network and concentrate on short-haul operations from Europe with this announcement: Norwegian’s Board of Directors has outlined a simplified business structure and dedicated short haul route network. With this plan, Norwegian can build a robust and solid company that will attract…