Norwegian Air ends long-haul flights and axes 2,100 jobs
The Norwegian carrier announces strategy for survival post-Covid
14 January 2021 - 19:03
Norwegian Air will give up the low-cost, long-haul business that made it a household name, returning to its roots operating shorter European flights under a plan to exit insolvency, and plans to cut 2,100 jobs.
The restructured airline would serve the Nordics and European destinations with about 50 narrow-body aircraft in 2021, rising to 70 aeroplanes in 2022, Norwegian Air said on Thursday in a statement. It seeks to raise as much as 5-billion krone ($590m) in new capital through a rights issue, a private placement and a hybrid instrument...
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