Trends - Norwegian Air - Business Recorder

Norwegian Air

Norwegian Air orders 50 Boeing aircraft, options for 30 more

OSLO: Norwegian Air has agreed to buy 50 Boeing 737 MAX aircraft and has secured options to acquire a further 30...

Published 30 May, 2022 11:29am

Business & Finance

Norwegian Air swings to full-year profit after restructuring

OSLO: Norwegian Air reported a full-year profit for 2021 on Friday in a turnaround from losses suffered the previous...

Published 18 Feb, 2022 11:23am

Business & Finance

Norwegian Air's Q3 revenue rises as travel picks up

OSLO: Norwegian Air reported a 68% rise in third-quarter revenue on Thursday, as European travel gradually recovers...

Published 28 Oct, 2021 12:12pm

Business & Finance

Budget airline Wizz Air quits Norway's domestic market

The news comes just days after Norway's Norwegian Air was rescued from bankruptcy following a six-month court-led restructuring.
Shortly after launching its domestic operation in Norway last October, Wizz had said it planned to expand the service.

Updated 29 May, 2021 06:47pm

Business & Finance

Norwegian Air expects $840mn cash position post capital hike

The cash will come from a mix of perpetual bonds and equity, with the new shares sold at only 6.26 crowns each, a steep discount to the 55.25 crowns it trades at in Oslo.
The airline said it expects total liabilities to be around 16 billion to 18 billion Norwegian crowns, of which about a third is aircraft-related debt, after the process is completed.

Published 03 May, 2021 07:39pm

Business & Finance

Norwegian Air sees $840mn in cash after planned capital raise

The carrier aims to raise 6 billion crowns in fresh capital as part of a scheme to emerge on May 26 from court-ordered bankruptcy protection in Ireland and Norway.

Published 03 May, 2021 05:20pm

Business & Finance

Norwegian Air to raise more money than planned, CEO says

Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North and South America, Southeast Asia and the Middle East before the COVID-19 pandemic plunged the airline into crisis.

Published 14 Apr, 2021 12:08pm

Business & Finance

Norwegian Air says Boeing dispute to be decided in US court

Norwegian Air asked Ireland's High Court to issue repudiation orders for three sales contracts with Boeing, but lawyer Declan Murphy said this was not intended to take precedence over ongoing US legal action on the contracts.

Published 05 Mar, 2021 09:45pm

Business & Finance

Norwegian Air has cancelled all remaining 88 jets in Airbus order

The airline took an impairment charge of 4.8 billion crowns ($93.51 million) in the fourth quarter relating to the termination of aircraft purchase contracts with Airbus and Boeing.

Published 26 Feb, 2021 08:32pm

Business & Finance

Norwegian Air says restructuring progressing as planned

The budget airline was late last year given protection from bankruptcy in both Norway and Ireland, where most of its assets are registered, and is aiming to emerge from the process with fewer aircraft and less debt.

Published 26 Feb, 2021 11:38am

Business & Finance

Norway plans Norwegian Air loan in extra pandemic spending plan

Norways's government said last week it would back Norwegian , which aims to emerge from court-ordered bankruptcy protection as a slimmed-down carrier focused primarily on the Nordic region.
The government said on Friday the amount earmarked for the airline was in line with what Norwegian had asked for.

Published 29 Jan, 2021 05:25pm

World

Irish court grants extension to Norwegian Air's debt restructuring

The extension to Feb. 25 was granted after a lawyer representing the Irish examiner told the court that the examiner believed the budget carrier had a reasonable prospect of survival.
I will grant that application and extend the time for reporting... to the 25th of February.

Published 22 Jan, 2021 07:18pm

Business & Finance

Norway ready to help save Norwegian Air

Norwegian, Europe's third largest low-cost airline until the pandemic paralysed global air transport last year, has seen its debt and losses pile up since 2017.

Published 21 Jan, 2021 05:13pm

Business & Finance

Low-cost Norwegian Air Shuttle drops long-haul

The company has been placed under bankruptcy protection in Ireland and Norway to shield it from creditors while it tries to come up with a financial restructuring plan.

Published 14 Jan, 2021 05:38pm

Business & Finance

Norwegian Air to end transatlantic flights, seeks state help

Will focus on Nordic and European routes.
Says has resumed talks with government.
State says is considering whether to take a stake.

Published 14 Jan, 2021 04:57pm

Business & Finance

Norwegian Air seeks additional creditor protection in Norway court

"Our aim is to secure jobs in the company and to contribute to securing critical infrastructure and value creation in Norway," he said.

Published 08 Dec, 2020 12:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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