Category Archives: Norwegian (Argentina)

Norwegian delays deliveries, reports increased revenues and reduced costs in the first quarter

"Freddie Mercury, British Rock Legend"

Norwegian Air has come to an agreement with both Airbus and Boeing to reschedule the delivery of its aircraft to reduce its capital spending.

Norwegian has also reported its first quarter results. The quarter was characterised by reduced costs, increased revenue and significantly improved on-time performance. The net loss was NOK 1,489 million ($171.7 million), while the company’s unit cost excluding fuel decreased by 8 percent during the same period. The total revenue was NOK 8 billion, up 14 percent.

The airline continued;

Norwegian’s key priority is returning to profitability through a series of measures, including an extensive cost-reduction program, an optimized route portfolio and sale of aircraft. The company’s internal cost reduction program #Focus2019 has been implemented, achieved cost reductions were NOK 467 million this quarter. The company has also strengthened its balance sheet through a fully underwritten rights issue of NOK 3 billion, which secures a stronger financial position. The company is well positioned to continue to attract new customers, not least in the long-haul market, where the development is stronger than in the short-haul market.

For the first quarter, the total revenue was NOK 8 billion, an increase of 14 percent from the same period last year, primarily driven by intercontinental growth and increased traffic in the Nordics. More than 8 million passengers flew with Norwegian this quarter, a growth of 9 percent. The load factor was 81 percent. The company’s unit cost excluding fuel, decreased by 8 per cent compared to the first quarter in 2018. The punctuality increased significantly this quarter, from 73 to 81.3 percent. The regularity was unchanged at 98.7 percent.

“I’m pleased with the positive developments this quarter, despite the 737 MAX issues. We have taken a series of initiatives to improve profitability by reducing costs and increasing revenue. We are optimising our base structure and route network to streamline the operation as well as divesting aircraft, postponing aircraft deliveries and not least implementing our internal cost reduction program, which will boost our financials. I am also pleased that booking figures and overall demand for the coming months look promising,” said CEO of Norwegian, Bjørn Kjos.

Productive meetings with Boeing

In March, Norwegian temporarily suspended operation of 18 Boeing MAX 8 aircraft. The company combined flights and booked customers to other departures within Norwegian’s own network, consequently reducing the impact on passengers. The company will continue to limit passenger disruptions by also offering flights with wetlease companies whenever necessary. The number one goal is to operate its schedule according to plan.

“Our dedicated colleagues at Norwegian have been working day and night to find solutions for our customers. They will continue to do their utmost to ensure that all flights continue to depart as planned, regardless of how long the MAX stays out of service,” Kjos continued.

“We have had some productive meetings with Boeing where we have discussed how we can maneuver through the difficulties the MAX situation is causing Norwegian,” Kjos added.

Top Copyright Photo (all others by the airline): Norwegian Air Shuttle (Norwegian.com) (Norwegian Long Haul) Boeing 787-9 Dreamliner LN-LNR (msn 38784) (Freddie Mercury, British Rock Legend) AMS (Ton Jochems). Image: 946289.

Norwegian aircraft slide show:

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Norwegian Argentina today starts operations

Norwegian Argentina has made this announcement on social media:

The day has come! We started our operations from Buenos Aires Aeroparque to  and . Our first passengers have arrived and they are checking in. Welcome aboard Norwegian!

Norwegian Argentina to start operations on October 16

Norwegian (Argentina) (Buenos Aires) has announced on September 4, it will start selling tickets for its first domestic routes in Argentina.

Operations will begin on October 16, 2018.

The first routes will be from Buenos Aires and the popular tourist destinations of Córdoba and Mendoza, with Iguazu, Bariloche, Neuquén and Salta to start later.

Photos: Norwegian (Argentina).

Norwegian Air Argentina receives its AOC

Norwegian Air Argentina S.A. (Buenos Aires) is a new airline based in Argentina. It is owned by the Norwegian Air Group.

The new airline received its Air Operators Certificate (AOC) on January 26, 2018 after being established on January 25, 2017.

The airline plans to operate six Boeing 737-800s with operations from Buenos Aires, Córdoba and Mendoza.

Norwegian transferred Boeing 737-800 EI-FVO to Argentinas as LV-HQH for the certification process.

The new airline is expected to launch operations in the second quarter of 2018.

Norwegian Air Shuttle issued this statement:

The low-fare airline Norwegian Air Argentina (NAA) received on January 26, 2018 the Air Services Operator Certificate (AOC) from the National Government. The document recognizes the company as a commercial airline, and certifies that it complies with safety and quality standards to carry out aeronautical operations and activities, in accordance with the law of the Argentine Republic.

Bjørn Kjos, CEO of Norwegian, said: “We are honored to receive the authorization by the Argentine Government and we thank the Minister of Transportation Guillermo Dietrich and his team for the trust in Norwegian. This is great news that shows that we are getting closer to the start of our operations in Argentina with our safe, efficient and friendly service”.

Ole Christian Melhus, CEO of Norwegian Air Argentina, said: “We received the AOC with great enthusiasm and honor and it is a major milestone for our journey in Argentina. We also thank the director of the National Administration of Civil Aviation, Tomás Insausti and all his team for their professionalism and dedication. Now we will focus on starting to offer safe flights and affordable fares to millions of passengers soon, as well as job creation and contributing to the stimulation of the local economy”.

Norwegian Air Argentina is an Argentine airline and was set up in March 2017. On December 11, 2017, the Argentine Government granted Norwegian Air Argentina 152 routes; among them, 72 domestic destinations and 80 international. The company received its first aircraft, a Boeing 737-800 on January 15 with local Hero Astor Piazzolla as the Tail Fin Hero.

Norwegian Air UK currently operates a route linking London (Gatwick) with Buenos Aires.

In other news, Norwegian announced that Scottish poet Robert Burns will become the first Scottish ‘tail fin hero’, as people across the globe celebrate Burns Night!

Burns Night is annual event to celebrate the life and work of Robert Burns on the anniversary of his birthday – January 25. The first Burns supper was held in July 1801 when Burns’ close friends got together to mark the fifth anniversary of his death. The night included performances of Burn’s work and was such a resounding success they decided to hold it again, beginning the tradition of Burns Night!

The renowned poet’s portrait will grace the tail fin of a Norwegian Boeing 787 Dreamliner aircraft (below) which will take to the skies later this Spring.

All photos by Norwegian.

Norwegian is authorized to operate in Argentina

Delivered on July 18, 2017

Reuters reported the country of Argentina has authorized Norwegian to fly around 60 aircraft starting in 2018 in Argentina opening up 72 national and 80 international routes. Norwegian will be permitted to operate from the cities of Buenos Aires, Cordoba and Mendoza.

Traditionally the government has protected the national flag carrier Aerolineas Argentinas.

Copyright Photo: Norwegian.com (Norwegian Air International) (Ireland) Boeing 737-8 MAX 8 EI-FYC (msn 42825) (Jonathan Swift, Irish writer) DUB (Michael Kelly). Image: 939774.