The substantial risk taking of Norwegian management is confirmed by 700 million outstanding CO2 costs not budgeted for

Not only do the norwegian state demand 400 million in penalties for lack of CO2 quotas handed over for 2020. They are also demanding the handing over of an estimated 300 million worth of CO2 quotas. That is a nkr 700 million demand against only 15 million set off in the accounts of  the airline Norwegian to cover it.

With such a large disputed demand against the airline, disputed because the airline itself thought this demand disappeared in the financial reconstruction of the airline 2 years ago, it is strange based on a very thin result they would commit to so much expansion. And even stranger that leasing companies would agree to such an increased risk based on the history of the airline.

Not only is it a substantial financial risk but it will also tie up mangement in court and indecision at a time when they should be operationally rebuilding the airline. That is not the time to plan for a rapid 50% expansion which is bound not to only take massive resources. That many new routes could also be loss makers for the first year or two.

The financial state of Norwegian is more precarious than they pretend. And 2 summer quarters of positive reults don't make up for that. Question is can you in prinsiple agree with yourself and what in reality is a third party lawyer/accountant to run away from outstanding what is political climate quotas, just as easy as from other debt and taxes.



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