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Norwegian Air Shuttle ASA

NORR.OL

Latest Trade

56.16NOK

Change

2.74(+5.13%)

Volume

516,354

Today's Range

53.60

 - 

59.96

52 Week Range

30.00

 - 

764.80

As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Norwegian Air Shuttle Updates On The Reconstruction Process

April 12 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::NORWEGIAN AIR SHUTTLE ASA (NAS) - UPDATE ON THE NORWEGIAN RECONSTRUCTION.EXAMINER REPORTED THAT RESTRUCTURING PROPOSALS WERE APPROVED BY SHAREHOLDERS OF NAS AND BY A MAJORITY OF MEETINGS OF CREDITORS OF NAS AND BY A MAJORITY OF MEETINGS OF CREDITORS OF EXAMINERSHIP COMPANIES.TODAY JUDGE OF OSLO BYFOGDEMBETE HAS APPROVED SCHEME FOR AN EXIT OF RECONSTRUCTION OF COMPANY..EXAMINER REPORTED THAT RESTRUCTURING PROPOSALS WERE APPROVED BY SHAREHOLDERS OF NAS AND BY A MAJORITY OF MEETINGS OF CREDITORS OF NAS AND BY A MAJORITY OF MEETINGS OF CREDITORS OF EXAMINERSHIP COMPANIES.ON 10 APRIL RECONSTRUCTOR REPORTED THAT RECONSTRUCTION PROPOSALS WERE APPROVED BY A MAJORITY OF CREDITORS OF COMPANY.

Norwegian Air March ASK Decreased By 97%

April 9 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::NORWEGIAN AIR SHUTTLE ASA (NAS) - TRAFFIC FIGURES FOR MARCH 2021.MARCH TOTAL CAPACITY (ASK) DECREASED BY 97%.MARCH TOTAL PASSENGER TRAFFIC (RPK) DECREASED BY 98%.MARCH LOAD FACTOR WAS 42.7%, DOWN 29 P.P..MARCH TOTAL NUMBER OF PASSENGERS FLOWN WAS 71,399, A DECREASE OF 94%.IN MARCH, GROUP OPERATED 99.4% OF ITS SCHEDULED FLIGHTS, WHEREOF 93.7% DEPARTED ON TIME, 6.2 P.P. HIGHER THAN LAST YEAR..MARCH YIELD NOK 0.99.THE GROUP HAS NO REMAINING OPEN HEDGE POSITIONS..AVERAGE FLYING DISTANCE FOR GROUP DECREASED BY 69% IN MARCH COMPARED TO SAME PERIOD LAST YEAR.NORWEGIAN'S TRAFFIC FIGURES FOR MARCH ARE HEAVILY INFLUENCED BY TRAVEL RESTRICTIONS AND SOFT DEMAND.NORWEGIAN OPERATED NINE AIRCRAFT IN MARCH, MAINLY ON DOMESTIC ROUTES IN NORWAY..

Norwegian Air: Conversion Of Perpetual Bonds

March 19 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::NORWEGIAN AIR SHUTTLE ASA (NAS) - CONVERSION OF PERPETUAL BONDS - NEW SHARE CAPITAL REGISTERED.HAS RECEIVED CONVERSION NOTICES FROM BONDHOLDERS REPRESENTING USD 5,471,152 IN THIS BOND ISSUE, WHICH ARE CONVERTIBLE INTO 135,875 NEW SHARES IN COMPANY.FOLLOWING CONVERSION, NAS HAS PERPETUAL BONDS IN ISSUE IN NOMINAL AMOUNT OF APPROXIMATELY NOK 818 MILLION.

Norwegian Air Shuttle: Launch Of Scheme For Exit From Irish Examinership And Norwegian Reconstruction Processes

March 11 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::NORWEGIAN AIR SHUTTLE ASA (NAS) LAUNCH OF SCHEME FOR EXIT FROM THE IRISH.NORWEGIAN AIR SHUTTLE ASA (NAS) LAUNCH OF SCHEME FOR EXIT FROM IRISH EXAMINERSHIP AND NORWEGIAN RECONSTRUCTION PROCESSES.RESTRUCTURING PROPOSAL PROVIDES FOR EACH CREDITOR WITH UNSECURED CLAIM TO RECEIVE A DIVIDEND EQUAL TO 5.0% OF SUCH CREDITOR'S UNSECURED CLAIM.NEW INVESTORS IN CAPITAL RAISE WILL RECEIVE APPROXIMATELY 70% OF POST-RESTRUCTURING SHARE CAPITAL.EQUITY ALLOCATION ASSUMES, FOR ILLUSTRATIVE PURPOSES, AN OVERALL CAPITAL RAISE OF NOK 4,500,000,000,.KIERAN WALLACE OF KPMG IRELAND AND A NUMBER OF IRISH SUBSIDIARIES PROPOSED SCHEMES OF ARRANGEMENT FOR FINANCIAL RESTRUCTURING.

Irish court approves Norwegian Air request to repudiate several aircraft lease guarantees

March 5 (Reuters) - :IRISH HIGH COURT APPROVES NORWEGIAN AIR SHUTTLE <<<NORR.OL>>> REQUEST TO REPUDIATE GUARANTEES RELATED TO SEVERAL AIRCRAFT LEASES.IRISH HIGH COURT RULING RELATES TO GUARANTEES HELD BY CRÉDIT AGRICOLE, BANK OF UTAH, CITIBANK AND PK AIRFINANCE.Further company coverage: <NORR.OL>. ((conor.humphries@thomsonreuters.com;)).

Norwegian Air February Total Number Of Passengers Down 97% Y/Y

March 4 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::NORWEGIAN AIR SHUTTLES ASA (NAS) - TRAFFIC FIGURES FOR FEBRUARY 2021.NORWEGIAN AIR SHUTTLES ASA (NAS) - TRAFFIC FIGURES FOR FEBRUARY 2021.FEB TOTAL CAPACITY (ASK) DECREASED BY 98%.FEB TOTAL NUMBER OF PASSENGERS 61,374, A DECREASE OF 97% Y/Y.FEB TOTAL PASSENGER TRAFFIC (RPK) DECREASED BY 99%.IN FEBRUARY, GROUP OPERATED 96.8% OF ITS SCHEDULED FLIGHTS, WHEREOF 93.5% DEPARTED ON TIME, 9.3 P.P. HIGHER THAN LAST YEAR.FEB LOAD FACTOR WAS 38.1%, DOWN 44 P.P..FEB TOTAL NUMBER OF PASSENGERS FLOWN WAS 61,374, A DECREASE OF 97%.THE GROUP HAS NO REMAINING OPEN HEDGE POSITIONS..FEB YIELD NOK 0.96.

Norwegian Air Unit NAR SSC Applies For Reconstruction

March 3 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::UNIT NAR SSC APPLIES FOR RECONSTRUCTION.NORWEGIAN AIR RESOURCES SHARED SERVICE CENTER AS APPLIES TO ASKER AND BÆRUM DISTRICT COURT TO OPEN RECONSTRUCTION NEGOTIATIONS.PROCESS DOES NOT IMPACT NAR SSC EMPLOYEES.

Norwegian Air Shuttle Q4 EBITDAR Swings To Loss Of NOK 1,878.9 Mln

Feb 26 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::NORWEGIAN AIR SHUTTLE ASA (NAS) - INTERIM REPORT FOR THE FOURTH QUARTER.AS ANTICIPATED, RESULTS ARE HEAVILY IMPACTED BY NEGATIVE EFFECTS OF COMPANY'S RECONSTRUCTION PROCESS AND FULLY IN LINE WITH COMPANY'S PLAN TO FOCUS ON NORDIC OPERATIONS.RECONSTRUCTION PROCESS IS CONTINUING AND PROCEEDING IN ACCORDANCE WITH TIMETABLE AS EARLIER ANNOUNCED..GOING FORWARD, NORWEGIAN WILL FOCUS ON A STRONG AND PROFITABLE NORDIC AND EUROPEAN NETWORK.COMPANY PLANS TO SERVE THESE MARKETS WITH 53 NARROW BODY AIRCRAFT IN 2021 (50 OPERATIONAL AND 3 SPARE)..Q4 OPERATING REVENUE NOK 669.8 MILLION VERSUS NOK 8,944.4 MILLION YEAR AGO.IS WORKING WITH EXAMINER AND RECONSTRUCTOR WITH A VIEW TO COMMENCING LEGAL STEPS REQUIRED TO IMPLEMENT PROPOSED RESTRUCTURING.Q4 EBITDAR LOSS NOK 1,878.9 MILLION VERSUS PROFIT NOK 356.7 MILLION YEAR AGO.INCLUDING ISSUANCE OF A SCHEME OF ARRANGEMENT BY EXAMINER AS SOON AS POSSIBLE, WITH A VIEW TO CAPITAL RAISE COMMENCING IN LATE MARCH/EARLY APRIL, WITH SUBSCRIPTION PERIOD IN MID-APRIL AND TARGET CLOSING END OF END APRIL / MID MAY.OVERALL DETAILED PLAN SUPPORTING FUTURE OPERATIONS OF COMPANY WILL BE DISCLOSED DURING COURSE OF NEXT WEEK..Q4 NET LOSS NOK 16,627.5 MILLION VERSUS LOSS NOK 1,872.9 MILLION YEAR AGO.NORWEGIAN IS CURRENTLY IN AN EXAMINERSHIP AND RECONSTRUCTION PROCESS. THROUGH THESE PROCESSES, NORWEGIAN AIMS TO SIGNIFICANTLY REDUCE ITS SHORT-HAUL OPERATION AND DISCONTINUE ITS LONG-HAUL OPERATION.

Norwegian Units For Pilots, Cabin Crew Apply For Reconstruction

Feb 23 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::NORWEGIAN AIR SHUTTLE ASA - NORWEGIAN UNITS FOR PILOTS AND CABIN CREW IN CO APPLY FOR CORRESPONDING RECONSTRUCTION AS PARENT COMPANY.

Norwegian Air Shuttle: Update On Indicative Plan

Feb 19 (Reuters) - Norwegian Air Shuttle ASA <NORR.OL>::DNB MARKETS, A PART OF DNB BANK ASA, HAS BEEN APPOINTED AS GLOBAL COORDINATOR IN RESPECT OF ISSUANCE OF FINANCIAL INSTRUMENTS.EXPLORING POSSIBILITY WITH EXAMINER AND RECONSTRUCTOR OF OFFERING A CASH COMPONENT ALONGSIDE DIVIDEND CLAIMS.AMOUNT OF CASH THAT COULD BE UTILIZED FOR DIVIDEND WILL BE REDUCED DEPENDING ON DURATION OF RESTRUCTURING, INCLUDING ANY APPEAL PROCESS.DIVIDEND CLAIMS WOULD ON CERTAIN TERMS BE CONVERTIBLE INTO SHARES REPRESENTING ABOUT 25% OF CAPITAL FOLLOWING RESTRUCTURING.IS WORKING WITH EXAMINER AND RECONSTRUCTOR WITH A VIEW TO COMMENCING LEGAL STEPS REQUIRED TO IMPLEMENT PROPOSED RESTRUCTURING.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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