OSLO (Reuters) - Shares in budget carrier Norwegian Air Shuttle (NWC.
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L) is considering its options after Norwegian Air Shuttle (NWC.
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Norwegian Air Shuttle offers unbundled fares between the US and Europe.
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For example, Norwegian Air Shuttle flies Boeing 737s across the Atlantic.
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Budget carrier Norwegian Air Shuttle said it found out via media reports.
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These include Europe-based airlines like Norwegian Air Shuttle and WOW Air.
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Smaller Norwegian Air Shuttle, with 6 billion euros of net debt, looks shakier.
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The parent of British Airways may bid for all of Norwegian Air Shuttle.
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L) is considering a takeover bid for low-cost carrier Norwegian Air Shuttle (NWC.
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The lowest fare that came up was a modest $387, with Norwegian Air Shuttle.
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LONDON (Reuters) - Norwegian Air Shuttle has overtaken British Airways as the biggest non-U.
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L) said he remained interested in buying the fast-growing budget airline Norwegian Air Shuttle (NWC.
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Norwegian Air Shuttle has also expanded routes in the U.S. with service to Paris and London.
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Airlines have used single-aisle planes on medium-to-long haul routes before, including Norwegian Air Shuttle.
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Budget rival Norwegian Air Shuttle also said on Thursday it was not interested in any Alitalia assets.
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Norwegian Air Shuttle Chief Executive Officer Bjorn Kjos said he expected the dispute to go to arbitration.
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L) does not plan to remain a long-term shareholder in bid target Norwegian Air Shuttle (NWC.
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Europe's third-largest budget carrier, Norwegian Air Shuttle, is the company's top investor with a 20 percent stake.
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Last week, rival Norwegian Air Shuttle said it expects lower 2017 growth, after publishing disappointing second-quarter results.
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Airlines such as Lufthansa and Norwegian Air Shuttle said they would work with authorities to implement the measures.
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The U.K.'s measure would affect flights of low-cost airlines Norwegian Air Shuttle and Ryanair and Icelandair.
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Norwegian Air Shuttle shares a geographic market with Scandinavian AirlinesNorwegian Air Shuttle has taken a few different forms since it was founded in 1993, but it started long-haul flights in 2013 (the long-haul flights are technically operated by two wholly owned subsidiaries based in Norway and the UK).
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BRUSSELS (Reuters) - The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle (NWC.
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In particular, it wanted to break in to the lucrative Sao Paulo to Rio de Janeiro air shuttle business.
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The company bears more than a passing resemblance to Norwegian Air Shuttle, another nominally Scandinavian airline with global aspirations.
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He said Ryanair was beginning to see a reversal of a loss of pilots to Norwegian Air Shuttle (NWC.OL).
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Norwegian Air Shuttle , the hardest-hit stock among European carriers, has fallen almost 2100% since the start of February.
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Fast-growing budget airline Norwegian Air Shuttle earlier in July also beat expectations with a second-quarter net profit.
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NAI, a subsidiary of Norwegian Air Shuttle, is incorporated in Ireland because of the country's favorable tax and regulatory laws.
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A spokesman for Norwegian Air Shuttle said it was confident arbitration would recognise the Irish unit's right to the permit.
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The ultimate aim, adds Mr Reuter, is for Volocopters to provide air-shuttle services in congested places, such as cities.
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Low cost airlines such as Norwegian Air Shuttle ASA are also expected to request routes in Argentina in coming months.
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International growth is particularly strong as traditional airlines battle with low-cost airlines like Norwegian Air Shuttle and WOW Air.
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Other carriers that hold multiple AOCs include Norwegian Air Shuttle and IAG, which groups British Airways, Iberia, Aer Lingus and Vueling.
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Norwegian Air Shuttle is a low-cost carrier that began in Europe and has been pushing to expand its transatlantic flights.
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Analysts from Goodbody said Ryanair's tactics would increase pressure on carriers such as Alitalia, Air Berlin , Monarch and Norwegian Air Shuttle.
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The group represents 38,000 European pilots, including those at airlines that have purchased the Boeing 737 Max, Norwegian Air Shuttle and Ryanair.
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E.O. of Worldpay, as its next C.E.O. Norwegian Air Shuttle has reportedly begun looking for a successor to its C.E.O., Bjorn Kjos.
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Or if you want to book an airline with a low-cost carrier like Norwegian Air Shuttle, you'll need to do that separately.
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Perhaps the most closely watched, Norwegian Air Shuttle, the largest of the low-cost trans-Atlantic operators, has struggled to turn a profit.
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Norwegian Air Shuttle, a low-cost European airline, won tentative approval on Friday to expand its no-frills operations into the United States.
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Norwegian Air Shuttle has already started to edge into this market with budget long-haul flights to the United States and to Singapore.
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Norwegian Air Shuttle, which has rapidly increased its transatlantic service to the U.S. in recent years, tumbled more than 21% on the news.
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NORWEGIAN AIR SHUTTLE Norwegian said in its second-quarter release that it expected its Boeing 2737 MAX aircraft to return to service in October.
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LONDON, April 12 (Reuters) - British Airways-owner IAG said on Thursday it is considering making an offer for low-cost carrier Norwegian Air Shuttle.
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N) said on Friday it had delayed the delivery of its third 737 MAX jetliner, set for next week to Norwegian Air Shuttle (NWC.
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I'm also partial to the No. 1 Lounge at London Gatwick, which you can fly out of on Norwegian Air Shuttle for great prices.
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Lufthansa's Eurowings started offering internet on short-haul routes this month, using an Inmarsat satellite-based system, while Norwegian Air Shuttle also offers Wi-Fi.
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Budget airlines have mixed records with long-haul flying, with Norwegian Air Shuttle ASA recently struggling financially, but others like Qantas Airways offshoot Jetstar succeeding.
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DUBLIN/OSLO, Sept 18 (Reuters) - Budget airlines Ryanair and Norwegian Air Shuttle have halted talks on a flight connection agreement, both companies said on Monday.
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Expansion by other budget carriers, such as Norwegian Air Shuttle, Wizz Air of Hungary and Vueling of Spain, will add to the downward pressure on fares.
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Shares of Norwegian Air Shuttle dropped another 12% on Monday, while Air France KLM's stock is off 3%, bringing its year-to-date decline to 44%.
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Norway offered to back airlines with credit guarantees worth up to 6 billion Norwegian crowns ($537 million), but stricken budget carrier Norwegian Air Shuttle ASA (NWC.
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Norwegian Air Shuttle, Norway's largest airline, which has 18 Max 8 planes in its fleet, was offering free rebooking and refunds to affected passengers, for example.
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Norwegian Air Shuttle, which has rapidly increased its transatlantic service to the U.S. in recent years, led the losses, tumbling more than 20% on the news.
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Norway offered to back airlines with credit guarantees worth up to 6 billion Norwegian crowns ($537 million), but stricken budget carrier Norwegian Air Shuttle ASA (NWC.
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LONDON, Sept 13 (Reuters) - Norwegian Air Shuttle said it is still talking to Ryanair about a flight connection service after Norwegian agreed a partnership with rival easyJet .
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Norwegian Air Shuttle, another low-cost carrier, now treats its fleet of more than 100 planes like a lessor, hiring some of them out to other operators.
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I), which has overtaken established carriers to become Europe's biggest airline by passenger numbers, is hiring around 4.03 pilots this year, as is Norwegian Air Shuttle(NWC.OL).
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On Thursday, Norwegian Air Shuttle announced four new trans-Atlantic routes: New York and Los Angeles to Madrid, New York to Amsterdam and Los Angeles to Milan.
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Other carriers including easyJet, regional airlines such as Loganair and Eastern Airways, and Norwegian Air Shuttle are also considering to ask for state aid, the newspaper added.
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Other carriers including easyJet, regional airlines such as Loganair and Eastern Airways, and Norwegian Air Shuttle are also considering to ask for state aid, the newspaper added.
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Aer Lingus, part of IAG, has been in talks for Ryanair to provide transfer connections at Dublin airport, as has Norwegian Air Shuttle for Gatwick and Barcelona.
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British Airways owner International Airlines Group is weighing a takeover offer for Norwegian Air Shuttle ASA , a low-cost airline after buying a 4.6-percent stake in it.
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Eurowings is Mr Spohr's answer to Ryanair, EasyJet, Norwegian Air Shuttle and the other low-cost carriers that have come to dominate the short-haul market in Europe.
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In this case, Norwegian Air Shuttle offers the cheapest flight, and the best price is available by clicking and booking through Norwegian's own website, instead of an OTA.
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After a near-10-year stint as a regional airline in Scandinavia, Norwegian Air Shuttle decided to enter the low-cost realm in 2002 and expand across Europe.
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Norwegian Air Shuttle is newly flying Boeing's 737 Max between New York Stewart International Airport to Dublin with one-way fares starting as low as $164 this summer.
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The first flight — a non-stop trip with Norwegian Air Shuttle for $182— departs from New York City's John F. Kennedy International Airport on the morning of October 11.
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NAI is an Irish subsidiary of Norway-based Norwegian Air Shuttle, an airline that already has DOT authority to fly into the U.S. and currently serves several markets here.
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SAS is in the midst of renewing an ageing fleet after spending years cutting costs in the face of competition from budget carriers such as Norwegian Air Shuttle and Ryanair.
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SAS is in the midst of renewing an aging fleet after spending years cutting costs in the face of competition from budget carriers such as Norwegian Air Shuttle and Ryanair.
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A Norwegian Air Shuttle plane with 169 passengers on board returned to Arlanda airport outside Stockholm on Thursday after receiving a bomb threat and is being evacuated, Swedish police said.
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Budget carrier Norwegian Air Shuttle wants to fly to the United States using an Irish unit to give it more flexibility and open up new routes under the EU-U.
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AMERICA'S House of Representatives is considering a bill, HR5090, that aims to block further expansion by Norwegian Air Shuttle, the only low-cost carrier flying direct between Europe and America.
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Rival low-cost carriers Norwegian Air Shuttle and Wow Air are stepping up transatlantic flights, while IAG rival Lufthansa has also started budget long-haul flights using its Eurowings brand.
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Norwegian Air Shuttle , the hardest-hit stock among European carriers, lost more than quarter of its market value on Friday and has fallen almost 70% since the start of February.
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Norwegian Air Shuttle , the hardest-hit stock among European carriers, lost more than quarter of its market value on Friday and has fallen almost 70% since the start of February.
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According to the study, budget carrier Norwegian Air Shuttle ASA, which operates new Boeing 787 Dreamliners and 737 MAX aircraft, was ranked first of the 20 transatlantic carriers for fuel efficiency.
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The year saw strong performances from other budget carriers, with Norwegian Air Shuttle reporting passenger numbers up 14 percent to 29 million and Wizz Air up 19 percent to 22.7 million.
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Delta, its European partners, and their rivals are adding no-frills fares that charge passengers to check luggage, an effort to compete with low-cost competitors such as Norwegian Air Shuttle.
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Lufthansa is in contact with Norwegian Air Shuttle, also the subject of bid interest from British Airways owner , the German group's chief executive told a German daily, sending Norwegian's shares higher.
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Europe's third largest budget carrier, Norwegian Air Shuttle , is the company's top owner with a 20 percent stake, and the two cooperate closely on credit cards and a loyalty incentives programme.
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Thanks to a small but expanding fleet of fuel-efficient planes combined with deeply discounted ticket prices, Norwegian Air Shuttle has attracted a growing number of leisure travelers looking for cheap flights.
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BERLIN, June 18 (Reuters) - Lufthansa is in contact with Norwegian Air Shuttle, also the subject of bid interest from British Airways owner IAG, the German group's chief executive told a German daily.
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As well as the Middle Eastern carrier, Inmarsat has mandates from Deutsche Lufthansa Group, International Airlines Group, Air New Zealand, Singapore Airlines and Norwegian Air Shuttle for the high-speed global network.
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As its full name suggests, NAUK is a U.K. airline, the newest subsidiary created by Norwegian Air Shuttle, and is another attempt by NAS to game the system with its employment scheme.
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Last week easyJet Chief Executive Carolyn McCall said that she had no interest in buying Alitalia, adding to rejections from the heads of IAG, Lufthansa, Air France-KLM and Norwegian Air Shuttle.
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The announcement on Friday will tentatively allow Norwegian Air International, the Irish-flag subsidiary of Norwegian Air Shuttle, to fly to the U.S. after officials found no basis to reject its application.
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According to the study, budget carrier Norwegian Air Shuttle ASA was ranked first of 20 transatlantic carriers for fuel efficiency, while British Airways, part of the International Airlines Group, came in last.
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Delta and its large competitors are battling low-cost, long-haul airlines like Norwegian Air Shuttle, WOW Air and others that have expanded in recent years as costs to fuel planes plunged.
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Chief Executive Carsten Spohr, when asked whether he was interested in Norwegian Air Shuttle, reiterates that "everyone is talking to everyone" in the airline sector, according to an interview in Sueddeutsche Zeitung.
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OSLO, March 17 (Reuters) - Norwegian Air Shuttle said it needed similar help as SAS received from Danish and Swedish governments in order to keep jobs in Norway, the company said on Tuesday.
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Frequent travelers tend to gravitate to one mode of transportation over another, and fans of the air shuttle are more than happy to make a case for their preferred way to travel.
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Cash-strapped low-cost carrier Norwegian Air Shuttle ASA said on Thursday it would cut 203,000 flights and temporarily lay off up to half of its employees due to the coronavirus outbreak.
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Norwegian Air Shuttle and its subsidiaries are on the brink of collapse as a lack of demand for travel due to COVID-19 and government travel restrictions are crippling the airline's business.
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According to the study, budget carrier Norwegian Air Shuttle ASA, was ranked first of 20193 transatlantic carriers for fuel efficiency, while British Airways, part of the International Airlines Group, came in last.
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Low-cost carrier Norwegian Air Shuttle used the aircraft to launch a subsidiary, Norwegian Air International, that sought to exclusively use the Max to connect secondary markets in the US and Europe.
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Cash-strapped low-cost carrier Norwegian Air Shuttle ASA said on Thursday it would cut 220,228 flights and temporarily lay off up to half of its employees due to the coronavirus outbreak.
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EasyJet is the biggest operator at the airport, accounting for 40 percent of all traffic, with IAG's British Airways having 15.1 percent and Norwegian Air Shuttle on 12.5 percent, according to broker Goodbody.
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The airline is increasingly competing against low-cost carriers such as Norwegian Air Shuttle, Canada's Westjet and Iceland's Wow Air, which are all stepping up expansion on routes between North America and Europe.
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The low-budget carrier Norwegian Air Shuttle is currently offering some great deals for fall travel, including $99 one-way fares from Stewart to destinations like Edinburgh; Belfast, Northern Ireland; and Bergen, Norway.
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When Norwegian Air Shuttle began offering flights to the United States in 2013, Anders Lindstrom, its United States director of communications, decided to take a co-working space at WeWork in Midtown Manhattan.
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O'Leary said Ryanair was in talks with Norwegian Air Shuttle , Aer Lingus and Portugal's TAP about feeding their long-haul flights and said the main factor delaying a launch was coordinating IT infrastructure.
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In the latest edition of "Marketing Media Money ", CNBC takes itself on a journey with the sixth largest low-cost carrier in the world: Norwegian Air Shuttle, or as many simply call it: "Norwegian".
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STOCKHOLM (Reuters) - All 169 passengers and the crew of a Norwegian Air Shuttle plane that returned to Arlanda airport outside Stockholm after receiving a bomb threat on Thursday have been evacuated, Swedish police said.
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On Thursday, Norwegian Air Shuttle, a budget European carrier that has expanded aggressively with trans-Atlantic flights in recent years, said it would lay off half of its employees and slash thousands of flights.
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Norwegian Air Shuttle ASA said last year its Dublin-based leasing subsidiary had reached an agreement with Boeing to postpone delivery of 14 737 MAX planes that were originally due in 2020 and 2021.
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SAS is in the midst of renewing an elderly and fuel-intensive fleet after spending years cutting costs in the face of cut-price competition from budget carriers such as Norwegian Air Shuttle and Ryanair.
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OSLO, Aug 19 (Reuters) - Norwegian Air Shuttle will sell its entire 17.5% stake in banking company Norwegian Finans Holding to Cidron Xingu Limited for 2.22 billion Norwegian crowns ($246.7 million), the airline said on Monday.
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NEW YORK (Reuters) - Norwegian Air Shuttle ASA on Wednesday announced plans to introduce flights from three U.S. cities to Rome, increasing the competition U.S. and European carriers face from low-cost rivals on transatlantic flights.
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The chief executives of British Airways owner IAG and Norwegian Air Shuttle have both told Reuters they are interested in using the slots, even though the process by which they might be acquired was unclear.
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Elsewhere, shares of Norwegian Air Shuttle were down around 6.4 percent after the company posted weaker-than-expected passenger income and said it would continue to operate Boeing 737 Max 8 jets despite safety concerns.
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LONDON, Aug 3 (Reuters) - British Airways-owner IAG does not plan to remain a long-term shareholder in bid target Norwegian Air Shuttle if a takeover of the low-cost airline does not go ahead.
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He also said Eurowings would eventually need more than 7 long-haul planes amid a rush by traditional rivals to also expand budget long-haul routes to compete with newcomers such as Norwegian Air Shuttle.
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Highlighting the threat to traditional carriers, Norwegian Air Shuttle announced expansion plans from Rome and Iceland's Wow Air said it would offer one-way fares between Europe and the U.S. from as little as $55.
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CARDIFF, Wales, May 2 (Reuters) - The chief executive of Qatar Airways said he would back British Airways-owner IAG in any of its expansion plan when asked about IAG's possible takeover of Norwegian Air Shuttle.
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In order to skirt the U.S.-EU trade agreement, Norwegian Air Shuttle, NAI's parent company, developed a scheme that feels more appropriate for an "Ocean's Eleven" sequel than a safety-critical business like an airline.
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A few months after the Plaza deal closed, he purchased the Eastern Air Shuttle for $211 million, and in 1990, he opened the Trump Taj Mahal casino in Atlantic City, which cost $1 billion to build.
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Ryanair is also seeking deals to provide short-haul "feeder flights" to link passengers to routes operated by long-haul carriers and plans to start serving low-cost operator Norwegian Air Shuttle from April, O'Leary said.
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The new Paris base follows a strong start for the airline, which initially started operations in Barcelona to compete with the likes of Norwegian Air Shuttle and Wow Air in the growing low-cost transatlantic market.
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Earlier Thursday, British Airways' parent said it had bought a nearly 5 percent stake in Norwegian Air Shuttle and said it would start talks with the carrier, discussions that could include an offer for the airline.
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Low-cost Icelandic-owned Primera Air is scheduled to start transatlantic service in the spring, while Norwegian Air Shuttle is adding service across the pond next year, bringing its total number of transatlantic routes to 61.
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All three flag-carriers have been spurred to action by Norwegian Air Shuttle, the budget long-haul pioneer that began widebody flights in 2013 and, in many people's eyes, has proven a business model once thought unviable.
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"But it seems that launching low-cost long-haul flights without connecting services is challenging," Gagey said, pointing to Norwegian Air Shuttle, which on Thursday reported a bigger than expected loss for the last quarter of 2017.
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U.S. and European carriers alike have warned that new competitors - such as low-cost Norwegian Air Shuttle ASA and Dubai's Emirates, which caters more to business travelers - threaten to lower fares and even upend their business model.
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Low-cost carriers such as easyJet and Ryanair compete fiercely with older airlines such as BA and Air France, and young upstarts such as Norwegian Air Shuttle and Wizz Air of Hungary are muscling into the market.
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Ryanair said this week that it could provide connections with long-haul airlines in the future after signing a deal with Aer Lingus, while Britain's easyJet last year signed a connecting flights agreement with Norwegian Air Shuttle.
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Norwegian Air Shuttle and its numerous subsidiaries, known simply as Norwegian, are at risk to cease operations as the novel coronavirus continues to spread across Europe and governments across the world restrict travel to prevent future outbreaks.
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BRUSSELS (Reuters) - The European Union executive urged U.S. regulators on Wednesday to allow budget carrier Norwegian Air Shuttle to fly to the United States from Ireland, warning it may escalate the matter after two years of deadlock.
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The move comes as other 737 MAX customers, including Norwegian Air Shuttle ASA and Indonesia's Lion Air, have also delayed deliveries in the wake of a global grounding of the plane following fatal crashes in Indonesia and Ethiopia.
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The move comes as other 20257 MAX customers, including Norwegian Air Shuttle ASA and Indonesia's Lion Air, have also delayed deliveries in the wake of a global grounding of the plane following fatal crashes in Indonesia and Ethiopia.
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The moves by the big carriers follow a summer in which budget long-haul airlines, notably Norwegian Air Shuttle ASA , shook up the trans-Atlantic travel market by offering ticket prices as little as half what rivals charge.
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SAS, which is part-owned by Sweden, Norway and Denmark, is in the midst of renewing an elderly and fuel-intensive fleet in the face of cut-price competition from the likes of Norwegian Air Shuttle and Ryanair.
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The move comes after a summer in which low-cost airlines, lead by Norwegian Air Shuttle ASA, have shaken up the Europe to North America travel market by offering ticket prices as little as half what rivals charge.
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SAS has been cutting costs for the best part of a decade and is renewing its elderly and fuel-intensive fleet in the face of cut-price competition from budget carriers such as Norwegian Air Shuttle and Ryanair.
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British Airways-owner said it is considering making an offer for Norwegian Air Shuttle, a low-cost carrier worth about $1.2 billion, in a deal that would greatly expand the airline group's exposure to long-haul budget flying.
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But WOW is one of a handful of carriers, like Malaysia's AirAsia X and Norwegian Air Shuttle, which itself has drawn takeover interest from Lufthansa and British Airways parent IAG, who are putting it to long-haul routes.
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Admittedly, the likes of low-cost operator Norwegian Air Shuttle – the largest non-North American airline serving New York City – are in big trouble, with $6.1 billion of net debt, more than 7 times this year's forecast EBITDA.
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Also on Tuesday, American Airlines cut flight capacity, executives at Southwest and United took pay cuts, Norwegian Air Shuttle ASA canceled 3,23 flights and the White House and lawmakers looked for common ground on handling the economic response.
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According to the study budget carrier Norwegian Air Shuttle ASA, which operates new Boeing 787 Dreamliners and 737 MAX aircraft, was ranked first of the 20 transatlantic carriers for fuel efficiency, while United was ranked third from the bottom.
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"International Airlines Group (IAG) confirms that it does not intend to make an offer for Norwegian Air Shuttle ASA and that, in due course, it will be selling its 3.93 percent shareholding in Norwegian," IAG said in a statement.
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FRANKFURT, Dec 16 (Reuters) - Budget carrier Norwegian Air Shuttle aims to start offering long-haul flights from Germany to the United States as it steps up competition on transatlantic routes, Chief Commercial Officer Thomas Ramdahl told a German magazine.
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To do so, it established a subsidiary — Norwegian Air International (NAI) — in Ireland, a member country of the EU. The company currently flies to some airports in the U.S. under the banner of its parent company, Norwegian Air Shuttle.
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"We are fully aware of the latest developments concerning travel between certain European countries and the U.S. Our flights to and from U.S. are currently operating as normal," a spokesperson from Norwegian Air Shuttle told CNBC via email Thursday.
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Ryanair, Europe's largest airline by passenger numbers, is in talks with several airlines including Aer Lingus and Norwegian Air Shuttle about allowing passengers to connect directly on to long-haul flights, but it has yet to finalise a deal.
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DUBLIN, May 18 (Reuters) - IAG is not planning to launch a hostile bid or become involved in a bidding war for Norwegian Air Shuttle, the group's chief executive said on Friday, adding he did not expect to make an announcement soon.
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The growth of low-cost airlines that fly long haul, like Norwegian Air Shuttle, is expected to continue to pressure established trans-Atlantic carriers as these newcomers expand using longer-range single-aisle aircraft to fly between smaller, cheaper local airports.
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OSLO, May 24 (Reuters) - Norwegian Air Shuttle will continue to seek more Boeing 787 Dreamliner aircraft for its long-haul fleet, the budget carrier said on Tuesday after signing a deal with CIT Aerospace to lease two planes from 2018.
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"We have to watch (for developments on the virus) because if it really should explode, obviously it will have an effect on all of the Caribbean routes," Norwegian Air Shuttle ASA Chief Executive Bjørn Kjos said in an interview Thursday.
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PARIS, June 27 (Reuters) - Norwegian Air Shuttle is confident it can cope with any disruptions to air traffic rights after Britain's vote to leave the European Union because it already has several operating licences across the region, its CEO said on Monday.
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The letter said Ryanair would exceed the pay and job security offered by rivals like Jet2 and Norwegian Air Shuttle and that it would negotiate on any differences in conditions between Ryanair's Irish contracts and those offered by local laws at European bases.
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LONDON, Dec 5 (Reuters) - Norwegian Air Shuttle said it will add 50 percent more flights between Britain and the United States next year summer, ramping up competition on transatlantic routes, days after the U.S. granted extra flying rights to the budget airline.
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Of the Monday Transportation Department decision, a spokesman for Norwegian Air Shuttle said there were not any plans yet for Norwegian Air UK to launch any flights under its new flying rights, "but we are certainly looking forward to planning future operations."
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OSLO, June 15 (Reuters) - Norwegian Air Shuttle expects to take delivery of its first two 737 MAX jetliners from Boeing on June 29, and plans to exercise further options for the aircraft to boost its fleet renewal, the budget carrier told Reuters on Thursday.
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Another hot-button issue that is likely to come up during the White House meeting on Thursday is the Obama administration's controversial decision to allow Europe-based Norwegian Air Shuttle to expand to the U.S. through an Irish-based subsidiary called Norwegian Air International.
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He added that there were plans to order between 40 and 60 additional Piper aircraft over the next two to three years for short-haul air shuttle and personal use — that estimate could also increase according to "how we cultivate the market," Li said.
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Uber announced its own Uber Copter service earlier this month, which will provide service from Manhattan to JFK airport starting in July, and Blade also already offers similar service between New York City and its three area airports, as well as Bay Area air shuttle routes.
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Kjos searched for investors to bail out the company but raised less than half the required sum, so he sank what he has said was "several million" crowns of his own money into it and in 1993 helped found the new company, now called Norwegian Air Shuttle.
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But smaller airlines Iceland Air, Poland's LOT and Norwegian Air Shuttle ASA had planned to use 737 MAX jets to cover 25 percent, 17 percent and 11 percent of their summer schedules respectively, Goodbody analyst Mark Simpson said, giving them a higher exposure to the grounding.
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"Norwegian Air Shuttle ASA has today launched a forbearance request asking for support from their financial creditors which implies that the financial creditors will not receive any debt service or payments with equivalent effect during the forbearance period, which will end 30 June," the carrier said.
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Norwegian Air Shuttle is putting pressure on established transatlantic carriers with its expansion using longer-range single-aisle aircraft to fly between smaller, cheaper local airports, while flag carriers like Lufthansa, Air France and British Airways-owned IAG are all working on low-cost long-haul projects.
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One example, available from May 21 to 25, includes round-trip airfare on the low-cost carrier Norwegian Air Shuttle from Kennedy to Stockholm Arlanda Airport and a three-night stay at Nobis Hotel Stockholm, a luxury property in the heart of Stockholm, all for $1,155 a person.
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It was all part of Trump's spending spree in the late 1980s that included the iconic Plaza Hotel in New York, the famed Palm Beach Estate Mar-A-Lago, the Eastern Air shuttle which he renamed the Trump Shuttle, the 282-foot Trump Princess yacht and the largest tract of undeveloped land on the west side of Manhattan.
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The low-cost air carrier has for years been seeking approval to use airports covered under the U.S. and EU's Open Skies agreement by establishing a subsidiary — Norwegian Air International — that would be based in Ireland, a member of the EU. Norwegian Air currently flies to some airports in the U.S. under the banner of its parent company, Norwegian Air Shuttle.
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Countries that have grounded the jet: EU (28 countries) Australia Bermuda Canada China Egypt India Indonesia Iraq Kuwait Lebanon Malaysia Mexico Mongolia Netherlands New Zealand Oman Panama Singapore Switzerland Thailand Turkey United Arab Emirates United States Airlines that have grounded its jets: China Southern Airlines Air China Shanghai Airlines Hainan Airlines Xiamen Airlines Lion Air GOL Airlines Shandong Airlines Aerolineas Argentinas China Eastern Airlines Ethiopian Airlines Lucky Air Cayman Airways Fuzhou Airlines Kunming Airlines Okay Airways Eastar Jet Royal Air Maroc 9 Air Comair MIAT Mongolian Airlines Garuda Indonesia Norwegian Air Shuttle Turkish Airlines Icelandair Aeromexico Jet Airways LOT Polish Airlines FlyDubai Go deeper: Trump says airplanes are "too complex to fly" after Boeing crash
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OSLO, Aug 22.82 (Reuters) - * Norwegian shares traded down on Tuesday * Oslo's benchmark index fell -22.80 pct, or -28.95 points, to 24.14 points and was up by 23.53 pct year-to-date * The broader Oslo All Share Index was down 2.2.82 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, rose $22.28 to $20.17 a barrel * Among the biggest firms on the Oslo Bourse, Equinor fell -20.50 pct, Telenor rose 0.34 pct and DNB fell -0.12 pct * Turnover at the Oslo Bourse was 1.8 billion Norwegian crowns and most traded shares were Equinor, Norsk Hydro and Norwegian Air * Shares of Norwegian Air Shuttle ASA were up 2.93 pct to NOK 246.2.
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OSLO, April 24.65 (Reuters) - * Norway's shares traded up on Friday * Oslo's benchmark index rose 22 pct, or 24.19 points, to 24.08 points and was up by 23.53 pct year-to-date * The broader Oslo All Share Index was up 0.553 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $-20.55 to $20.65 a barrel * Among the biggest firms on the Oslo Bourse, Statoil fell -21.21 pct, Telenor rose 0.03 pct and DNB rose 0.27 pct * Turnover at the Oslo Bourse was 3.45 billion Norwegian crowns * Shares in Norwegian Air Shuttle rose for the second consecutive day after IAG on Thursday acquired 4.6 percent of the company and said it would consider buying the Oslo-listed budget carrier.
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Analysts contacted by Reuters did not see a clear reason behind the share's rise * Shares of Norsk Hydro ASA were down 0.13 pct to NOK 0.173 * Brazil's Ministerio Publico has put forward a new set of proposals for how to resolve a dispute over Norsk Hydro's Alunorte alumina refinery, which remains partly shut following a spill in early 2018, Norwegian newspaper Dagens Naeringsliv (DN) reported * Hydro told Reuters its dialogue with the authorities continued, but declined to comment on the specifics of the latest proposals * Tanker firm Frontline dropped 3.0 pct to NOK 39.30 per share, tanker rates continue to be far below Frontline's cash break even level * Biggest gainers: Norwegian Air Shuttle ASA 2.93 pct, Hexagon Composites ASA 2.82 pct and Next Biometrics Group ASA 2.80 pct * Biggest losers: Gaming Innovation Group Inc -8.95 pct, XXL ASA -4.14 pct and Photocure ASA -3.53 pct * Abroad European shares rose 0.20 pct, Japan's main share index Nikkei ended up 2.28 pct, while in China Shanghai index was down -0.17 pct and Dow Jones index in the United States -0.50 pct on Monday (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
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