Norse Atlantic

Scandinavian carrier also expects decision within a month on reallocating 787s returned by IndiGo following lease termination. Norse Atlantic is in talks with “several airlines” and expects to make a decision “within three to four weeks” on new lease and charter agreements to replace the hole left by the termination of its partnership with IndiGo.… The post Norse Atlantic sees ‘strong interest’ in possible takeover after disappointing second quarter first appeared on FlightGlobal.

Second-quarter income slumps as Norse cuts own network activity while lease business for IndiGo underperforms. Long-haul low-cost operator Norse Atlantic has turned in a $95 million net loss for the first half – more than four times deeper than last year – as its shift to a split business model led to a heavy fall… The post Norse Atlantic turns in heavy losses as shift in business model hammers revenues first appeared on FlightGlobal.

Budget long-haul operator seeking to strengthen financial position as fuel costs bite. Long-haul budget carrier Norse Atlantic is to implement crew furloughs and temporary pay cuts, as part of measures to speed up its cost-reduction programme. It will also cut a third of its administrative personnel and relocate its head office to Oslo, closing its… The post Norse Atlantic furloughing crews and cutting workforce in bid to save costs first appeared on FlightGlobal.