Norwegian Air seeks cash injection

Discussion in 'Travel Tips & Strategies' started by SteveBG, Jan 29, 2019.

  1. SteveBG

    SteveBG New Member

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    The BBC are reporting that Norwegian are seeking an investment of £268m to shore up their finances. This is off the back of an operating loss of roughly £300m last year.

    Shares have dropped 16% on the news.

    Steve
     
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  2. Hermans

    Hermans New Member

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    Probably because of the free wifi they offer in flight. lol
     
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  3. JoeD

    JoeD Well-Known Member

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    Yep, the Rights Issue appears to be fully underwritten, so they should be fine in terms of cash for the immediate future. Obviously, the reforms need to actually work though if Norwegian are to be around in the years ahead.
     
  4. JoeD

    JoeD Well-Known Member

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    Haha! - also welcome to InsideFlyer!
     
  5. Taavi

    Taavi New Member

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    In a statement on Tuesday, the airline’s CEO, Bjørn Kjos, echoed the fact that Norwegian is shifting away from growth and toward cutting costs.
     
  6. Hristian

    Hristian New Member

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    Thank you!
     

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