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Norwegian Restructuring EXIT, To Come Next Week!

Norwegian Restructuring EXIT, To Come Next Week!

Norwegian Air Shuttle looks set to exit its restructuring in both Ireland and Norway, as the carrier successfully raised more funds than necessary! It is a very encouraging development, that not many would have predicted a year ago. Norwegian is set to exit a...
Aeroméxico – Boeing 737 MAX and Dreamliner Purchases

Aeroméxico – Boeing 737 MAX and Dreamliner Purchases

Aeroméxico confirmed the purchase of 28 aircraft from Boeing, as they are trying to emerge from Chapter 11 restructuring in the US. Aeroméxico has had a hard time in the pandemic. The Mexican carrier is one of the four founding members of the SkyTeam alliance, and the...
Norwegian – Cancellations for Airbus, Boeing UPDATED

Norwegian – Cancellations for Airbus, Boeing UPDATED

With its restructuring up for approval, aircraft manufacturers nervously wait to hear about order cancellations from beleaguered Norwegian Air Shuttle. We saw repeatedly how the airline has been struggling to stay in operation, despite an array of challenges. Even...
Norwegian Shareholders Approve Restructuring Plan

Norwegian Shareholders Approve Restructuring Plan

Shareholders of Norwegian Airlines on Thursday approved the restructuring and reorganization plan of the airline, in an 80% vote in favour. The goal is to raise the necessary capital and cash flow, to keep the airline in operation. A smaller, more efficient operation....