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 / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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