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Norwegian Air Shuttle ASA (NWC.OL)

NWC.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Norwegian Air raises SEK 200 million in bond issue
Wednesday, 15 Mar 2017 06:00am EDT 

Norwegian Air Shuttle Asa : Has successfully completed a tap issue of SEK 200 million ($22.26 million) in unsecured bond expected to be listed on Oslo Stock Exchange . Following the tap issue the total nominal amount outstanding in 'NAS08' will be SEK 1,000 million .Net proceeds from the tap issue will be used for general corporate purposes. Arctic Securities, DNB Markets and SEB acted as joint lead managers.  Full Article

Norwegian Air raises SEK 800 mln in bond issue
Wednesday, 25 Jan 2017 11:50am EST 

Norwegian Air : Has successfully completed a new unsecured bond issue of SEK 800 million ($90.63 million) with maturity date 7 august 2020 at stibor +500 bp . The net proceeds from the bonds shall be employed for general corporate purposes in support of the growth of the group. An application will be made for listing of the bonds on the Oslo Stock Exchange . Arctic, DNB Markets and SEB acted as joint lead managers in connection with the placement of the new bond issue Further company coverage: [NWC.OL] ($1 = 8.8270 Swedish crowns) (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Norwegian Air seeks to raise cash through bond issue
Monday, 26 Sep 2016 04:00am EDT 

Norwegian Air Shuttle : says contemplating a tap issue in unsecured bond nas07 . says net proceeds from contemplated tap issue will be used for general corporate purposes . says current outstanding amount is EUR 125 million .says arctic securities danske bank markets, dnb markets and seb are retained as joint lead managers in connection with placement of contemplated tap issue.  Full Article

Norwegian selects 30 Airbus A321lr for first transatlantic routes
Thursday, 14 Jul 2016 02:21am EDT 

Airbus Group : Norwegian selects 30 A321lR for first transatlantic routes . This follows a commitment signed in June 2012 for 100 A320NEO aircraft Further company coverage: [AIR.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Norwegian Air raises 2016 unit cost guidance due strike, Q2 earnings in line
Thursday, 14 Jul 2016 01:18am EDT 

Norwegian Air Shuttle : Q2 pretax result NOK 930 million (Reuters poll NOK 925 million) . Q2 EBITDAR NOK 1.97 billion (Reuters poll NOK 2.06 billion) . Q2 revenue NOK 6.63 billion (Reuters poll NOK 6.45 billion) . Sees 2016 production growth (ASK) of 18 percent (previous guidance +18 percent) . 2016 unit cost target (CASK) of around NOK 0.38 (previous guidance NOK 0.37) . Says the demand for travelling with Norwegian and advance bookings have been satisfactory entering the third quarter of 2016. .The unit cost guidance for 2016 is raised from NOK 0.37 in the previous guiding mainly due to cost from use of wetlease..  Full Article

Norwegian Air increases Boeing Dreamliner, MAX8 fleets
Tuesday, 24 May 2016 01:00am EDT 

Norwegian Air : Arctic Aviation Assets Ltd (AAA), a fully owned subsidiary of Norwegian, has signed a letter of agreement with CIT Aerospace for two Boeing 787-9 Dreamliners with delivery in 2018. A fully owned subsidiary of AAA will lease the aircraft . AAA is also exercising eight of its 100 options to purchase Boeing 737 MAX8 .Norwegian currently has eight Boeing 787-8 and two 787-9 in operation, and a total 32 787-9 on order. By 2020 Norwegian will have 42 Dreamliners in operation.  Full Article

Bank Norwegian's owner applies for Oslo IPO
Thursday, 19 May 2016 07:24am EDT 

Oslo Bors said: Has received a request for admission to trading from Norwegian Finans Holding ASA on the Oslo Bourse . Norwegian Finans Holding ASA is the owner of Bank Norwegian .Norwegian Air owns 20 percent of the company.  Full Article

Norwegian Air CEO says may order extra 10 Dreamliners from Boeing
Thursday, 21 Apr 2016 01:39am EDT 

Norwegian Air Shuttle ASA:Budget airline Norwegian Air NWC.OL will likely order an extra 10 Dreamliners from Boeing BA.N, its chief executive told Reuters on Thursday.  Full Article

Norwegian Air wins $12 million contract
Tuesday, 19 Apr 2016 02:49am EDT 

Norwegian Air Shuttle ASA:Says wins four-year contract with Norwegian welfare agency NAV worth close to 100 million Norwegian crowns ($12.21 million).  Full Article

Norwegian Air Shuttle taps bond market for NOK 175 mln
Monday, 11 Apr 2016 06:15am EDT 

Norwegian Air Shuttle ASA:Successfully completed a tap issue of 175 million Norwegian crowns in unsecured bond NAS04 (maturity 3 July 2017).Total nominal amount outstanding in NAS04 after the tap issue will be 1 billion crowns.Net proceeds from the tap issue will be used for general corporate purposes.Arctic Securities AS acted as sole manager in connection with the tap issue.  Full Article

More From Around the Web


Norwegian Air to offer U.S.-Europe fares starting at $65 one way

Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday.