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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 seeks further information from companies proposing potential deals
Monday, 11 Jun 2018 08:08am EDT 

June 11 (Reuters) - Norwegian Air Shuttle ASA ::SUBSCRIPTION PERIOD FOR SUBSEQUENT OFFERING IS EXPECTED TO COMMENCE AT 09:00 A.M. CET ON 12 JUNE 2018 AND EXPIRE AT 16:30 P.M. CET ON 25 JUNE 2018.FINANCIAL SUPERVISORY AUTHORITY OF NORWAY HAS APPROVED PROSPECTUS OF COMPANY DATED 11 JUNE 2018.FINANCIAL SUPERVISORY AUTHORITY OF NORWAY HAS APPROVED PROSPECTUS OF COMPANY DATED 11 JUNE 2018 FOR (I) LISTING OF TRANCHE 2 SHARES; AND (II) SUBSEQUENT OFFERING AND LISTING OF UP TO 1,290,323 OFFER SHARES.NORWEGIAN AIR SHUTTLE - SINCE 12 APRIL 2018, COMPANY HAS RECEIVED ENQUIRIES FROM SEVERAL PARTIES WHO HAVE EXPRESSED INDICATIVE AND PRELIMINARY INTEREST IN SHARE ACQUISITIONS, MERGERS, STRUCTURAL TRANSACTIONS, FINANCING OF GROUP AND VARIOUS FORMS OF COOPERATION.NORWEGIAN: SINCE 12 APRIL 2018, COMPANY HAS RECEIVED ENQUIRIES FROM SEVERAL PARTIES WHO HAVE EXPRESSED INDICATIVE AND PRELIMINARY INTEREST IN SHARE ACQUISITIONS, MERGERS, STRUCTURAL TRANSACTIONS, FINANCING OF GROUP AND VARIOUS FORMS OF COOPERATION.INDICATIONS OF INTEREST HAVE BEEN PRELIMINARY AND SUBJECT TO A NUMBER OF CONDITIONS.COMPANY IS SEEKING FURTHER INFORMATION AND CLARIFICATIONS IN A NUMBER OF AREAS SO THAT IT CAN EVALUATE SUCH PROPOSALS TO DETERMINE WHETHER THEY PROVIDE SUFFICIENT BASIS FOR ENTERING INTO SPECIFIC DISCUSSIONS.AS AT DATE HEREOF, COMPANY HAS NOT ENTERED INTO ANY AGREEMENTS OR SPECIFIC NEGOTIATIONS IN RELATION TO RECEIVED INDICATIONS.  Full Article

Norwegian Air says rejected takeover proposals from IAG
Friday, 4 May 2018 04:13am EDT 

May 4 (Reuters) - Norwegian Air Shuttle Asa (NAS) said::HAS RECEIVED TWO SEPARATE CONDITIONAL PROPOSALS FROM IAG GROUP IN RELATION TO AN ACQUISITION OF 100 PERCENT OF SHARE CAPITAL OF NAS.THESE PROPOSALS WERE REVIEWED IN CONJUNCTION WITH NAS' FINANCIAL AND LEGAL ADVISERS, AND WERE UNANIMOUSLY REJECTED ON BASIS THAT THEY UNDERVALUED NAS AND ITS PROSPECTS.BOARD OF NAS REMAINS FULLY COMMITTED TO DELIVERING ON ITS STATED STRATEGY, FOR BENEFIT OF ALL NAS SHAREHOLDERS.  Full Article

Norwegian Air says capacity-adjusted bookings ahead of last year
Thursday, 26 Apr 2018 02:32am EDT 

April 26 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR SAYS FINANCING ON TRACK.NORWEGIAN AIR SAYS CAPEX COMMITMENT (ALL AIRCRAFT INCLUDING PDP) USD 1.9 BILLION FOR 2018, USD 2.6 BILLION FOR 2019.NORWEGIAN AIR SAYS CAPACITY-ADJUSTED BOOKING VOLUMES AHEAD OF LAST YEAR.NORWEGIAN AIR SAYS FAVORABLE TRADING ENVIRONMENT IN EUROPEAN SHORT HAUL MARKET.  Full Article

Norwegian Air not near covenant breach -acting CFO
Wednesday, 21 Mar 2018 05:35am EDT 

March 21 (Reuters) - Norwegian Air Shuttle ASA acting CFO Tore Oestby told a conference call on Wednesday::WE ARE NOT NEAR BREACHING COVENANTS IN Q1. WE ARE NOT CLOSE TO BEING IN BREACH OF COVENANTS, AND THIS WITH A GOOD MARGIN.  Full Article

Norwegian Air says no change in equity after agreeing to change 2017 accounting
Thursday, 15 Mar 2018 10:55am EDT 

March 15 (Reuters) - Norwegian Air Shuttle Asa ::‍NORWEGIAN HAVE TODAY CONCLUDED ON ACCOUNTING TREATMENT OF NORWEGIAN FINANS HOLDING (NOFI), RESULTING IN A CHANGE FOR 2017​.‍THIS WILL NOT HAVE ANY IMPACT ON NORWEGIAN'S BOOK VALUE OF EQUITY AT 31 MARCH 2018, AS INVESTMENT IN NOFI WILL BE RECOGNIZED AT MARKET VALUE FROM Q1 2018, INSTEAD OF PREVIOUSLY ANNOUNCED Q2 2017​.‍NORWEGIAN HAVE DECIDED TO FOLLOW RECOMMENDATION BY FINANSTILSYNET, RESULTING IN A CHANGE IN PRELIMINARY 2017 FULL YEAR FINANCIAL STATEMENTS​.‍AS OF DECEMBER 31, 2017, THIS WILL RESULT IN A REDUCTION OF RECOGNIZED VALUE OF INVESTMENT BY NOK 1,993 MILLION WITH A CORRESPONDING DECREASE IN END BALANCE EQUITY​.‍EFFECTS OF A CHANGE BACK TO IAS 28 WILL ALSO REVERSE FINANCIAL GAINS IN NET PROFITS OF NOK 1,657 MILLION, REVERSE FAIR VALUE CHANGES RECORDED IN OTHER COMPREHENSIVE INCOME OF NOK 498 MILLION AND INCREASE SHARE OF PROFIT FROM ASSOCIATED COMPANIES BY NOK 163 MILLION​.‍NET IMPACT OF EQUITY AT 31 MARCH 2018 WILL BE UNCHANGED COMPARED TO CURRENT SITUATION​.  Full Article

Norwegian Air cancels Friday flights from Europe to New York/Newark due poor weather
Friday, 2 Mar 2018 09:02am EST 

March 2 (Reuters) - Norwegian Air Shuttle Asa ::SAYS MOST OF ITS FLIGHTS BETWEEN EUROPE AND NEW YORK, NEWARK AIRPORTS ARE CANCELLED ON MARCH 2 DUE POOR WEATHER.  Full Article

BRIEF-Bank Norwegian's chairman, Bjoern Kise, to resign
Thursday, 15 Feb 2018 06:10am EST 

Adds RICs:CHAIRMAN OF THE BOARD OF BANK NORWEGIAN AND NORWEGIAN FINANS HOLDING, BJØRN H. KISE, WILL RESIGN.NOTICE OF EXTRAORDINARY MEETING WILL IN THE COMPANIES WILL BE SENT AS SOON AS POSSIBLE TO ELECT NEW BOARD MEMBERS.THE STATEMENT DOES NOT PROVIDE A REASON.  Full Article

Bank Norwegian's chairman, Bjoern Kise, to resign
Thursday, 15 Feb 2018 06:10am EST 

Feb 15 (Reuters) - :CHAIRMAN OF THE BOARD OF BANK NORWEGIAN AND NORWEGIAN FINANS HOLDING, BJØRN H. KISE, WILL RESIGN.NOTICE OF EXTRAORDINARY MEETING WILL IN THE COMPANIES WILL BE SENT AS SOON AS POSSIBLE TO ELECT NEW BOARD MEMBERS.THE STATEMENT DOES NOT PROVIDE A REASON.  Full Article

Norwegian Air CEO: hopes 2017 was last loss-making year
Thursday, 15 Feb 2018 03:14am EST 

Feb 15 (Reuters) - Norwegian Air Shuttle Asa executives said on Thursday::CFO SAYS BOOKINGS FROM MARCH AND ONWARDS ARE WELL AHEAD OF LAST YEAR. MORE BOOKINGS ON BETTER PRICING.CEO SAYS "WE TRULY HOPE 2017 WILL BE THE LAST YEAR WITH LOSS. WE ARE VERY OPTIMISTIC FOR 2018. BOOKINGS ARE LOOKING GOOD AND COST IS ON TRACK.".CEO SAYS WE ARE REALLY WELL POSITIONED WITH PILOTS. WE ARE NOT WORRIED ABOUT PILOT SHORTAGE.CFO SAYS "WE HAVE A VERY GOOD POSITION ON FINANCING AS WE WENT IN TO 2018. WE ARE QUITE CONFIDENT FOR THE FINANCING IN 2018 AND GOING IN TO 2019".  Full Article

Norwegian Air cuts 2018 capex forecast, plans to sell older aircraft
Thursday, 15 Feb 2018 02:30am EST 

Feb 15 (Reuters) - Norwegian Air Shuttle Asa ::NORWEGIAN AIR SEES 2018 GROSS CAPEX COMMITMENT AT $1.9‍​ BILLION VERSUS $2.1 BILLION SEEN IN OCTOBER.NORWEGIAN AIR SEES 2019 GROSS CAPEX COMMITMENT AT $2.6‍​ BILLION.INITIATED PROCESS TO SELL OLDER AIRCRAFT AND REDUCE CAPEX COMMITMENT ‍​.NORWEGIAN AIR: EXPECT NET CAPEX TO BE REDUCED IN 2018 AND 2019.CAPACITY-ADJUSTED BOOKING VOLUMES AHEAD OF LAST YEAR‍​.EXPECTS TO REDUCE UNIT COST EXCLUDING FUEL BY 12% IN 2018‍​.NORWEGIAN AIR SHUTTLE SAYS "FINANCING ON TRACK".  Full Article

CORRECTED-Norwegian Air sees possible Airbus aircraft sales before year end

OSLO, Sept 4 Norwegian Air expects to announce further aircraft sales by the end of the year including used Boeing 737s as well as some of the new Airbus planes it has on order to reduce it debt commitments.