Norwegian says that its first quarter results reflect the steps it has taken to improve profitability and respond to the grounding of Boeing MAX aircraft.
Read More »Tag Archives: finance
Boeing reports lower first-quarter earnings
Though Boeing’s overall earnings are down and the company has not committed to future projections, it is reporting higher earnings in some sectors and that they are working on a fix for the MAX.
Read More »WOW air’s creditors take control
With a new agreement by bondholders, founder Skúli Mogensen has lost control of the company, reports suggest.
Read More »Flybe finalises Virgin consortium sale
The loss-making regional carrier says it has completed the sale of its assets to the Connect Airways consortium.
Read More »Europcar group net profit up 128%
Europcar Mobility Group, which since 2017 includes Europcar Denmark, Goldcar and Buchbinder, also sold a stake in car2go.
Read More »Major airline being sold for US$0.01
There are 23,000 jobs at stake, dependent on a tricky manoeuvre to give the debt-stricken carrier time to find fresh equity.
Read More »airBaltic enlists New York firm to find new investor
The Riga-based and increasingly pan-Baltic carrier has selected an investment bank as its new financial adviser.
Read More »Nordica recruits finance chief from casino group
After senior finance jobs at Microsoft and the casino operator Olympic, Kristi Ojakäär starts a new direction in aviation today.
Read More »Norwegian “lost billions” towards end of 2018
A report shows that based on preliminary figures for 2018, the key figures for the fourth quarter can be anticipated.
Read More »Norwegian reveals emergency stock sale
The carrier announces a €309 million rights issue and says it is now open to bids from other companies.
Read More »Ryanair blames overcapacity for profit warning
The problems affecting Ryanair are indicative of the dangers facing all airlines in Europe – particularly low-cost carriers.
Read More »Nordic lessor secures $0.5bn loan
Nordic Aviation Capital says the US$470 million loan will “increase public knowledge of the regional aviation market”.
Read More »airBaltic targets investors for expansion
An independent assessment is being made to see if a stock exchange listing is viable, the CEO revealed today.
Read More »Aviator Alliance Airport may go up for sale
Sources say that Aviator’s owner Accent has mandated DNB to sell the Nordic ground handling company.
Read More »US investors circling to buy Travelport
A consortium including activist investment firm Elliot Management is reportedly in talks to acquire the GDS.
Read More »Nordica eyes LOT’s Regional Jet stake
In a continuing reorganisation, Nordica is considering a buyout of its partner LOT’s stake in Regional Jet, which flies some SAS routes.
Read More »WOW posts $33.6mn nine-month loss
In the first nine months of the year, WOW air lost $33.6 million, despite a 31% increase in revenues.
Read More »Tour operators “must rethink pricing model”
As Thomas Cook (Ving, Globetrotter, Spies, Tjäreborg) confirms its losses, analysts says something must be changed in the tour operating business.
Read More »Finnair adds Russia capacity, launches share buyback
The Finnish carrier says it is responding to rising demand on both its Moscow and St Petersburg routes.
Read More »Norwegian delivers better-than-expected Q2 results
Europe's third largest low-cost carrier surprised the markets when presenting its Q2 results on Thursday June 12.
Read More »