Citing slipping foreign exchange returns and a general lack of profitablility Norwegian is exiting the Argentinian domestic market. The carrier sold its entire operation to JetSMART, effective immediately.
Norwegian made many changes in recent months as it sought to shore its finances. The latest news from the airline, however, is a massive shift. Reports indicate that the airline will halt long-haul operations from Stockholm and Copenhagen effective with the end of the IATA Winter 2020 season on 29 March 2020.
Adding more than 100 Turkish Airlines planes to its inflight connectivity backlog is good news for Global Eagle. Perhaps more significant, however, is the potential for additional program growth that come from the partnerships it established to secure this Turkish Airlines deal.
Norwegian’s financials, or potential lack of such, have raised eyebrows in the aviation world for some time now. Hoping to put those fears to rest – and continue selling seats as it heads into the traditionally slower winter season – the carrier announced the closing of a ~$275 million financing round. The company declared, “After the completion of the transactions, Norwegian is fully funded through 2020 and beyond based on the current business plan.”
A new low cost carrier is set to fly in Iceland. PLAY airlines intends to launch sales before the end of the year, connecting passengers between Keflavik and European destinations. The company expects to expand to North American destinations in Spring 2020, using Iceland as a hub to connect passengers between the two continents.
It is no secret that Norwegian wants access to fly across northern Russia. The trans-Siberian routes open up opportunities in North Asia, including Japan, China and Korea. And the Russians know this. The country is a notoriously tough negotiator when it comes to gaining access to those routes. Some might even claim extortionate. Oh, and the country has a maligned small airplane that it would like to see selling better, perhaps flying more outside of its home carriers. What are the odds??
Norwegian found $1.5bn to help cover short-term aircraft costs thanks to a Chinese partner. The deal dramatically reduces CapEx for the next four years, an important win as the company seeks to shore up its books.
JetBlue and Norwegian intend to establish an interline agreement, allowing passengers to transfer more easily between the two carriers on a single ticket. But the partnership leaves many questions and questionable value for travelers, at least to start.
Spotting 737 MAX aircraft in the air these days is relatively rare. Boeing continues to run occasional test flights, in addition to moving planes to out of the way airports as it stores new build frames. United Airlines is moving its fleet to Goodyear Airport on the west side of Phoenix, Arizona this in a move that it suggests is tied to storage needs and eventually preparing to return the planes to service. And then there's a single plane flying around northern Canada for some strange reason.
Norwegian’s experiment flying single-aisle aircraft across the Atlantic is coming to an end. The carrier will shutter its six remaining routes connecting Ireland with North America effective 15 September 2019.