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Norwegian Air Shuttle ASA (NWC.OL)

NWC.OL on Oslo Stock Exchange

269.20NOK
22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Norwegian Air CEO confirms Lufthansa has shown interest - NRK
Monday, 18 Jun 2018 

June 18 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN CHIEF EXECUTIVE BJOERN KJOS CONFIRMS TO NORWEGIAN PUBLIC BROADCASTER NRK THAT LUFTHANSA HAS SHOWN INTEREST IN THE COMPANY, DECLINING TO COMMENT ON THE CONTACTS.LUFTHANSA CEO CARSTEN SPOHR TOLD GERMANY'S SUEDDEUTSCHE ZEITUNG THE COMPANY WAS IN CONTACT WITH NORWEGIAN AIR SHUTTLE, WHICH IS ALSO THE SUBJECT OF BID INTEREST FROM BRITISH AIRWAYS OWNER IAG L8N1TK10K.SHARES IN NORWEGIAN AIR <<>> JUMPED 10 PERCENT ON MONDAY FOLLOWING THE COMMENTS BY LUFTHANSA BOSS .  Full Article

Norwegian Air: FSA reviews accounting treatment of NOFI
Monday, 23 Apr 2018 

April 23 (Reuters) - Norwegian Air Shuttle ASA ::REVIEW OF FINANCIAL REPORTING - NORWEGIAN AIR SHUTTLE ASA.PRIMARY FOCUS OF REVIEW HAS BEEN ACCOUNTING TREATMENT OF INVESTMENT IN NORWEGIAN FINANS HOLDING (NOFI).FINANSTILSYNET (FSA) IS OF THE OPINION THAT NORWEGIAN AS OF 30 JUNE 2017 AND 31 DECEMBER 2017 STILL HAD SIGNIFICANT INFLUENCE OVER NOFI, AND THAT THE INVESTMENT SHOULD THEREFORE HAVE BEEN ACCOUNTED FOR USING THE EQUITY METHOD IN ACCORDANCE WITH IAS 28.NORWEGIAN HAS TAKEN NOTE OF THIS AND RECORDED THE INVESTMENT USING THE EQUITY METHOD IN THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017.NORWEGIAN WILL ALSO MAKE NECESSARY CORRECTIONS OF COMPARATIVE FIGURES FOR PREVIOUS ACCOUNTING PERIODS IN THE INTERIM FINANCIAL STATEMENTS FOR 2018.THE REVIEW ALSO IDENTIFIED INSUFFICIENT NOTE DISCLOSURES REGARDING CONTRACTUAL COMMITMENTS, REVENUES FROM DIFFERENT GEOGRAPHIC AREAS AND MISSING INFORMATION RELATED TO THE ALTERNATIVE PERFORMANCE MEASURES USED.THIS HAS BEEN IMPROVED IN THE ANNUAL REPORT FOR 2017.  Full Article

Norwegian Air says had no prior knowledge of IAG's interest
Thursday, 12 Apr 2018 

April 12 (Reuters) - Norwegian Air Shuttle ASA ::COMMENT TO IAG'S<<>> ACQUISITION OF NORWEGIAN SHARES.NORWEGIAN HAD NO PRIOR KNOWLEDGE OF THIS ACQUISITION BEFORE IT WAS REPORTED BY MEDIA MID-MORNING THURSDAY.NORWEGIAN HAS NOT BEEN IN ANY DISCUSSIONS OR DIALOGUE WITH IAG ABOUT MATTER.NORWEGIAN BELIEVES THAT IAG'S INTEREST IN COMPANY CONFIRMS SUSTAINABILITY AND POTENTIAL OF OUR BUSINESS MODEL AND GLOBAL GROWTH.COMPANY HAS NO FURTHER COMMENTS AT THIS STAGE.HAS JUST BEEN MADE AWARE THAT INTERNATIONAL AIRLINE GROUP (IAG) HAS ACQUIRED OF 4.6 PERCENT OF SHARES.  Full Article

Norwegian Air says "positive" IAG finds it attractive
Thursday, 12 Apr 2018 

April 12 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR SPOKESWOMAN, COMMENTING ON IAG'S INTEREST SAYS "POSITIVE THEY FIND NORWEGIAN ATTRACTIVE"; SAYS CAN'T COMMENT BEYOND THAT.  Full Article

British Airways' Owner IAG considers bid for Norwegian Air, takes minority stake
Thursday, 12 Apr 2018 

April 12 (Reuters) - Intl Con Airline Grp ::STATEMENT RE PRESS COMMENT.NOTES RECENT PRESS SPECULATION THAT IT IS CONSIDERING MAKING AN OFFER FOR NORWEGIAN AIR SHUTTLE ASA.CONSIDERS NORWEGIAN TO BE AN ATTRACTIVE INVESTMENT AND HAS ACQUIRED A 4.61 PER CENT OWNERSHIP POSITION IN AIRLINE.CONFIRMS THAT NO SUCH DISCUSSIONS HAVE TAKEN PLACE TO DATE.IT HAS TAKEN NO DECISION TO MAKE AN OFFER AT THIS TIME AND THAT THERE IS NO CERTAINTY THAT ANY SUCH DECISION WILL BE MADE.MINORITY INVESTMENT IS INTENDED TO ESTABLISH POSITION TO INITIATE DISCUSSIONS WITH NORWEGIAN, INCLUDING POSSIBILITY OF A FULL OFFER FOR NORWEGIAN.  Full Article

Norwegian Air lifts 2018 RPK traffic growth to 40 pct, raises fuel cost estimate
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Norwegian Air Shuttle Asa ::CHANGES IN ESTIMATED PRODUCTION AND UNIT COST FOR 2018.BASED ON AN UPDATED ROUTE PROGRAM, PRODUCTION GROWTH (ASK) FOR 2018 IS ESTIMATED TO 40 PERCENT VERSUS EARLIER ESTIMATE 35 PERCENT​.‍INCREASED PRODUCTION COMES AS A RESULT OF HIGHER UTILIZATION OF NARROW BODY FLEET​.‍INCREASED PRODUCTION, IN ADDITION TO AN UPDATED FUEL PRICE ASSUMPTION, HAS ALSO LED TO A NEW AND NARROWED CASK ESTIMATE FOR 2018​.‍UNIT COST EX FUEL IS REDUCED DUE TO IMPROVED UTILIZATION​.‍UPDATED FUEL PRICE ESTIMATE FOR FULL YEAR 2018 IS INCREASED TO USD 575 PER METRIC TON (FROM USD 525)​.‍CURRENCY ASSUMPTIONS ARE UNCHANGED​.‍NEW UNIT COST ESTIMATE IS NOK 0.39 - 0.395 EXCLUDING DEPRECIATION (NOK 0.405 - 0.41 INCLUDING DEPRECIATION​.‍PREVIOUS UNIT COST ESTIMATE WAS IN RANGE OF NOK 0.38 - 0.39 (INCLUDING DEPRECIATION IN RANGE OF NOK 0.40 - 0.41)​.  Full Article

Norwegian Air better prepared to handle 2018 peak season -CEO
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Norwegian Air Shuttle Asa Chief Executive Bjoern Kjos told reporters on Thursday::NORWEGIAN AIR FLEW 33 MILLION PASSENGERS IN 2017.NORWEGIAN AIR IS BETTER PREPARED FOR 2018 THAN 2017, WILL NOT NEED TO RENT PLANES TO HANDLE PEAK SEASON.  Full Article

Norwegian Air appoints Geir Karlsen as new CFO
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Norwegian Air Shuttle Asa ::‍GEIR KARLSEN (52) IS NORWEGIAN'S NEW CFO. KARLSEN COMES FROM POSITION AS GROUP CFO AT LONDON-BASED SHIPPING COMPANY NAVIG8 GROUP​.KARLSEN HAS OVER LAST 12 YEARS HELD VARIOUS CFO POSITIONS WITH INTERNATIONAL COMPANIES SUCH AS GOLDEN OCEAN GROUP AND SONGA OFFSHORE​.NORWEGIAN AIR: ‍VERY PLEASED THAT GEIR KARLSEN WILL BE A PART OF OUR TEAM. A MAJOR PART OF HIS PROFESSIONAL EXPERIENCE CLEARLY RESEMBLES AIRLINE INDUSTRY, WHERE LEASE AGREEMENTS AND FINANCING OF MAJOR TRANSACTIONS ARE KEY TO SUCCEED.‍TORE ØSTBY, WHO HAS ACTED AS CFO SINCE JULY 2017, CONTINUES IN GROUP MANAGEMENT IN A NEW POSITION AS EXECUTIVE VICE PRESIDENT STRATEGIC DEVELOPMENT​.‍APPOINTMENT OF KURT SIMONSEN (59) AS NEW CIO​‍​.  Full Article

Net Trading Group Starts Cooperation With Norwegian Air Shuttle ‍​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Net Trading Group Ntg Ab (Publ) ::STARTS COOPERATION WITH NORWEGIAN AIR SHUTTLE ‍​.  Full Article

Successful placement of new secured bond
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Norwegian Air Shuttle Asa :Successful placement of new secured bond.successfully completed a new secured bond issue of NOK 250 million with three year tenor at 3 month NIBOR + 3.95%. The settlement date for the bond is expected to be 21 November 2017.Arctic Securities acted as sole manager in connection with the new bond issue.  Full Article

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Norwegian Air CEO interested in possible Airbus A321XLR

PARIS The chief executive of Norwegian Air said he was interested in the possibility of a longer-range version of Airbus' A321LR, which the European planemaker is studying in response to Boeing's work on a new 'mid-market' jet.