Well over half of the overall fall in new citizenships last year can be accounted for by a sharp drop in the number of Syrians getting a Norwegian passport. A new analysis by Statistics Norway points to the likely reason why.
The last month of 2021 saw low cost Scandinavian airline Norwegian significantly increase its number of passengers compared to the equivalent period in 2020.
Low cost airline Norwegian has registered a loss of 14.9 billion Norwegian kroner for 2020, a year in which the company saw a drastic reduction in passenger numbers and was on the brink of bankruptcy.
Norwegian Air Shuttle, a pioneer in low-cost long-haul flights, said on Thursday it would drop long distance routes and focus on Europe as it tries to restructure and avoid bankruptcy.
Shareholders of struggling low-cost airline Norwegian Air Shuttle on Thursday backed a rescue plan that includes debt conversion, a new share issue and reduction of the fleet.
Embattled low-cost carrier Norwegian Air Shuttle, which recently filed for bankruptcy protection in Ireland, said Tuesday it had launched a similar process in Norway.
Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a financial restructuring.
Beleaguered low-cost carrier Norwegian Air Shuttle has only 318 million euros to see it through the winter, its quarterly report showed on Tuesday, a day after Oslo refused to mount another bailout.
Beleaguered low-cost carrier Norwegian Air Shuttle has only 318 million euros to see it through the winter, its quarterly report showed on Tuesday, a day after Oslo refused to mount another bailout.
Norway's government refused Monday to mount another bailout for struggling low-cost carrier Norwegian Air Shuttle which said the "slap in the face" meant its future was uncertain.
Low-cost airline Norwegian Air Shuttle, which was struggling even before the Covid-19 pandemic paralysed the aviation industry, said Friday its losses quadrupled in the first half of 2020.
The aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said on Wednesday.
The shareholders of Norwegian Air Shuttle have voted overwhelmingly for a rescue package that will see them diluted to just 5 percent of the company's equity.
The struggling low-cost airline Norwegian has reported its staffing subsidiaries in Denmark and Sweden have filed for bankruptcy, meaning roughly three quarters of its pilots and crew will lose their jobs.
Shares in Norwegian Air Shuttle plummeted 63 percent when the Oslo Stock Exchange opened on Tuesday, as investors reacted to plans announced last week to convert a massive 44.5bn kroner ($4.3bn) of debt into new shares.
Shares in Norwegian Air Shuttle shot up by 28 percent on Friday after Norway's parliament on Thursday agreed 6bn ( $550m) Norwegian kroner in loan guarantees for the country's airlines.
Norwegian Air Shuttle said on Thursday it would temporarily lay off up to half its staff, following the US travel ban and the
novel coronavirus outbreak.
Low-cost airline Norwegian Air Shuttle said on Tuesday it would cancel “approximately 3,000 flights” from mid-March to mid-June as the coronavirus outbreak hits travel.
