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Norwegian Air Shuttle ASA (NWC.OL)

NWC.OL on Oslo Stock Exchange

43.62NOK
18 Jul 2019
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Latest Key Developments (Source: Significant Developments)

IAG Says Repurchases, Partial Cancellation Of Certain Bonds
Monday, 15 Jul 2019 11:41am EDT 

July 15 (Reuters) - International Consolidated Airlines Group SA ::IAG REPURCHASE AND PARTIAL CANCELLATION OF BONDS.TOTAL NOMINAL AMOUNT OF BONDS ACQUIRED AND CANCELLED HAS BEEN FINALLY REDUCED IN EUR 200,000.COMPLETED PURCHASE, AMORTIZED, CANCELLED 89.44% OF CONVERTIBLE BONDS DUE 17 NOV 2020 FOR NOMINAL AMOUNT OF EUR 447,200,00.IAG - OUTSTANDING AGGREGATE PRINCIPAL AMOUNT OF BONDS AS OF DATE HEREOF IS EQUAL TO EUR 52,800,000.  Full Article

Norwegian Air's Kjos says no intention to raise more equity
Thursday, 11 Jul 2019 03:13am EDT 

July 11 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR INTERIM CEO GEIR KARLSEN SAYS ON BOND MATURING IN DEC. 2019, SAYS THE KEY IS THAT NORWEGIAN AIR IS IMPROVING OPERATIONAL PERFORMANCE.NORWEGIAN AIR INTERIM CEO, ON JOINT VENTURE, SAYS "THAT IS PROGESSING, WE ARE STILL HAVING A DIALOGUE WITH THE SAME PARTNER. WE DO EXPECT TO HAVE CLARITY ON THIS WITHIN WEEKS".NORWEGIAN AIR'S KARLSEN SAYS, ON JOINT VENTURE, WE HAVE RESTRUCTURED THE WHOLE ORDER, IT IS DOWN TO WHETHER WE CAN MATERIALISE ON THE STRUCTURE.NORWEGIAN AIR'S KARLSEN SAYS OPTIMISTIC ON JOINT VENTURE TALKS, BUT THERE ARE NO GUARANTEES.NORWEGIAN AIR'S KJOS SAYS WE HAVE NO INTENTION TO RAISE MORE EQUITY.NORWEGIAN AIR'S KARLSEN WE MAY REFINANCE PART OF THE BOND.  Full Article

UK's ICO Says Personal Data Of About 500,000 British Airways Customers Compromised In 2018 Data Breach
Monday, 8 Jul 2019 02:48am EDT 

July 8 (Reuters) - UK's Information Commissioner's Office (ICO)::ICO ANNOUNCES INTENTION TO FINE BRITISH AIRWAYS.BRITISH AIRWAYS HAS COOPERATED WITH ICO INVESTIGATION AND HAS MADE IMPROVEMENTS TO SECURITY ARRANGEMENTS SINCE DATA BREACH CAME TO LIGHT.PERSONAL DATA OF ABOUT 500,000 BRITISH AIRWAYS CUSTOMERS COMPROMISED IN DATA BREACH INCIDENT, WHICH IS BELIEVED TO HAVE BEGUN IN JUNE 2018.INVESTIGATION FOUND THAT INFORMATION WAS COMPROMISED BY POOR SECURITY ARRANGEMENTS AT BRITISH AIRWAYS.INFORMATION COMPROMISED AT BRITISH AIRWAYS FOUND BY ICO INCLUDES LOG IN, PAYMENT CARD, TRAVEL BOOKING DETAILS, NAME & ADDRESS INFORMATION.  Full Article

IAG Says UK's ICO To Impose 183.4 Mln Stg Fine For British Airways Data Theft
Monday, 8 Jul 2019 02:01am EDT 

July 8 (Reuters) - International Consolidated Airlines Group SA ::INTL CON AIRLINE GRP - THEFT OF CUSTOMER DATA AT BRITISH AIRWAYS - UPDATE.IAG - BRITISH AIRWAYS NOTIFIED BY UK ICO THAT IT INTENDS TO ISSUE AIRLINE WITH A PENALTY NOTICE UNDER UK DATA PROTECTION ACT.IAG - ICO HAS INDICATED THAT IT PROPOSES TO IMPOSE A PENALTY OF £183,390,000.IAG - "WE ARE SURPRISED AND DISAPPOINTED IN THIS INITIAL FINDING FROM ICO".IAG - BRITISH AIRWAYS WILL BE MAKING REPRESENTATIONS TO ICO IN RELATION TO PROPOSED FINE.IAG - FOUND NO EVIDENCE OF FRAUD/FRAUDULENT ACTIVITY ON ACCOUNTS LINKED TO THEFT.IAG - INTEND TO TAKE ALL APPROPRIATE STEPS TO DEFEND AIRLINE'S POSITION INCLUDING MAKING ANY NECESSARY APPEALS.  Full Article

Norwegian Air agrees on its brand use by Norwegian Finance Holding
Thursday, 2 May 2019 10:55am EDT 

May 2 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR SHUTTLE (NAS) AND NORWEGIAN FINANS HOLDING (NOFI) HAVE ENTERED INTO AN IPR LICENSE AGREEMENT, GIVING NAS A ONE-TIME PAYMENT OF NOK 150 MILLION FOR NOFI'S RIGHT TO USE NORWEGIAN BRAND AND AIRLINE'S LOGO IN EUROPE OUTSIDE NORDICS FIRST FIVE YEARS OF AGREEMENT PERIOD.FOLLOWING INITIAL FIVE-YEAR PERIOD, LILIENTHAL SHALL PAY A LICENSE FEE OF NOK 30 MILLION PER YEAR.LICENSE FEE IS SUBJECT TO RENEGOTIATION AFTER TEN YEARS, CORRESPONDING TO WHAT APPLIES IN SIMILAR LICENSE TO BANK NORWEGIAN FOR NORDIC COUNTRIES.IN ADDITION, NOFI WILL TRANSFER NOFI SHARES TO NORWEGIAN AT A MARKET VALUE OF NOK 150 MILLION.THIS AGREEMENT STRENGTHENS NORWEGIAN'S SHAREHOLDERS' OPPORTUNITY TO TAKE PART IN NOFI'S INTERNATIONAL EXPANSION.  Full Article

Norwegian Air agrees with Airbus to restructure aircraft delivery schedule
Wednesday, 24 Apr 2019 03:00pm EDT 

April 24 (Reuters) - Norwegian Air Shuttle ASA ::ARCTIC AVIATION ASSETS DAC, A SUBSIDIARY OF NORWEGIAN AIR SHUTTLE ASA (" COMPANY"), IS PLEASED TO ANNOUNCE THAT IT HAS REACHED AN AGREEMENT IN PRINCIPLE WITH AIRBUS S.A.S. REGARDING A RESTRUCTURING OF FLEET DELIVERY SCHEDULE, INCLUDING BOTH A320NEOS AND A321LRS.RESTRUCTURING WILL REDUCE CAPITAL EXPENDITURE BY APPROXIMATELY USD 670 MILLION FOR 2019 AND 2020 AND USD 2.4 BILLION OVER NEXT FIVE YEARS.THIS IS IN ADDITION TO REDUCTION IN CAPITAL EXPENDITURES FROM POSTPONEMENTS ANNOUNCED BY COMPANY ON 6 FEBRUARY 2019, 10 APRIL 2019 AND EARLIER TODAY 24 APRIL 2019.IN TOTAL, ANNOUNCED RESTRUCTURINGS AND POSTPONEMENTS OF BOEING AND AIRBUS AIRCRAFT WILL REDUCE CAPITAL EXPENDITURE FOR 2019 AND 2020 BY USD 2.1 BILLION.GUIDANCE FOR TOTAL CAPITAL EXPENDITURE WILL BE GIVEN IN Q1 PRESENTATION PUBLISHED ON 25 APRIL.RESTRUCTURING IS IN LINE WITH COMPANY'S STRATEGY OF CAPITALIZING ON SCALE BUILT UP OVER LAST FEW YEARS AND CHANGED FOCUS FROM GROWTH TO PROFITABILITY.  Full Article

Norwegian Air agrees with Boeing to postpone delivery of 14 737 MAX aircraft
Wednesday, 24 Apr 2019 02:55pm EDT 

April 24 (Reuters) - Norwegian Air Shuttle ASA ::POSTPONEMENT OF DELIVERY OF BOEING AIRCRAFT.NORWEGIAN AIR SHUTTLE- CO HAS REACHED AGREEMENT WITH BOEING TO POSTPONE DELIVERY OF 14 737 MAX AIRCRAFT ORIGINALLY DUE FOR DELIVERY IN 2020 AND 2021.COMPANY HAS REACHED AN AGREEMENT WITH BOEING TO POSTPONE DELIVERY OF 14 737 MAX AIRCRAFT ORIGINALLY DUE FOR DELIVERY IN 2020 AND 2021.THIS FOLLOWS A PREVIOUSLY ANNOUNCED AGREEMENT WITH AIRBUS TO RESCHEDULE A PART OF ORDER BOOK THAT INCLUDES AN UNSPECIFIED NUMBER OF A320NEO AND A321LR AIRCRAFT.  Full Article

Norwegian Air CEO sees increasing competition in the Nordics
Wednesday, 10 Apr 2019 12:04pm EDT 

April 10 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR CEO SAYS WE EXPECT THE ENTIRE DREAMLINER FLEET TO BE FULLY BACK IN SERVICE IN 2019 AFTER ISSUES WITH ENGINES IN 2018.NORWEGIAN AIR CEO SAYS WE BELIEVE THAT THE LOW-COST COMPETITION IN THE NORDIC MARKET WILL INCREASE.NORWEGIAN AIR CEO SAYS WILL CONTINUE TO INVEST IN FUEL REDUCTION TECHNOLOGY AND RENEW ITS FLEET BY REPLACING OLD 737-800 WITH NEWER 737-MAX.  Full Article

Norwegian Air agrees with Airbus to postpone aircraft delivery
Wednesday, 10 Apr 2019 10:35am EDT 

April 10 (Reuters) - Norwegian Air Shuttle ASA ::POSTPONEMENT OF DELIVERY OF AIRBUS AIRCRAFT.NORWEGIAN AIR SHUTTLE SAYS HAS REACHED AN AGREEMENT WITH AIRBUS S.A.S. FOR RESCHEDULING OF PART OF ORDER BOOK, INCLUDING BOTH A320NEOS AND A321LRS.POSTPONEMENT IS EXPECTED TO REDUCE COMPANY'S CAPITAL EXPENDITURE COMMITMENTS BY APPROXIMATELY USD 570 MILLION IN TOTAL FOR 2019 AND 2020.POSTPONEMENTS ARE IN LINE WITH COMPANY'S STRATEGY OF CAPITALIZING ON SCALE BUILT UP OVER LAST FEW YEARS AND CHANGED FOCUS FROM GROWTH TO PROFITABILITY.  Full Article

Wizz Air Launches Rescue Fares For WOW Air Passengers
Thursday, 28 Mar 2019 12:20pm EDT 

March 28 (Reuters) - Wizz Air Holdings PLC ::WIZZ AIR LAUNCHES RESCUE FARES FOR WOW AIR PASSENGERS.SPECIAL FARES FOR WOW AIR CUSTOMERS WHOSE FLIGHTS FROM OR TO REYKJAVÍK TO WARSAW AND LONDON STANSTED AND LONDON GATWICK WERE CANCELLED.  Full Article

Deals of the day-Mergers and acquisitions

July 11 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: