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Showing posts with the label Dreamliner

It might be named Norse but that's not where they will be flying

Norse Atlantic Airways is the new transatalantic then true intercontinental airline where the founder of Norwegian Kjos and his partner Kise are involved.  It might be targeting Low Fares and according to its founder they have learnt the lesson that that have to be combined with Low Cost. Maybe and maybe not. They are going for ex Norwegian 787's wih the same seat configuration. That might save on leasing cost, what they are planning of fundraising do not equal to outright plane purchases, but it is 2 cabin classes again and that is not true Low Cost.  Add in the freight, which have proven crucial and resilient but is still a distraction but you migth as well since 30min turnarounds are out the window, and a new Low Cost concept needs to be invented. With usual pain for first movers, maybe a bit less for what will now be a second mover. Norway might be where this airline will be founded and somewhat hq'd but if they have learnt their lessons from the adventures with Norwegian t

Braathen's new airline is missing a name and Norwegian is soon available together with a large chunk of Boeing capital

Braathen and his suited team didn't get his 1/5 billion nkr from the Nowegian government but there is about 100 million USD available together with the Norwegian name for a company that is willing to commit taking some new planes from Boeing.  As a manufacturer they care more about how many new airlines the can sell than how many of the older planes get parked. Norwegian never got to an agreement for how much the problems with their new ExMax and Dreamliner planes was goeing to cost the manufacturer because Beoing prefer to pay that sort of money in discounts rather than cash.  A new-Norwegian without most of the commitments and liabilities of the Schram-Norwegian could make a deal and have a fleet partially financed. That would also give them a good base for getting a good deal with the banks so any ticket sales will end up in the airline instead of being kept by the card issuers and banks for security against future refund claims.   

Norwegian digging deeper into its hole instead of taking opportunities offered

The language in their lawsuit against Boeing in connection with their termination of the contracts for ExMax and Dreampliner deliveries is not sparing the expetives. A company in such a precarius position should be more careful when it comes to handling its in reality only supplier that it for a good while into the future still will be dependant on for the maintenance and value of its entire existing fleet. Could it be that top management of Norwegian do not really know what it entails to change from Boeing to Airbus, or the risk of going Chinese or Russian. After all they are lacking indepth airline experience between them, coming more from a finance and retail background. The pilot retraining and dual engineering maintenance and double parts storge costs alone would stop the company from being a Low Cost. And a Low Fares airline without corresponding Low Costs will be a loss making business no matter how many routes you cut or how much you shrink, or how many extra candybars you s

What are the plans of Norwegian's new loanprovider owners

What is the plan for the lenders new shareholdings in Norwegian. Why did they not just take the planes back and finished with it. A loss is a loss and better be over and done with it and move on. Are they just leaving the Dreamliners there hoping the Norwegian government through unsecured loans to Norwegian will pay for maintenance and parking for them until the market returns. Then take them back only at such a time when existing or new airlines make signals to move on the Transcontintal markets Norwegian left behind. Unless Norwegian's management in the near future quickly turns around and show they have a plan for all those aircrafts one would assume the planes real owners will take them back. In the meantime they can always make some extra cash by selling the billions of new Norwegian shares to upset norwegians. On the other hand would they not be better off getting in a new management with a vision for the company. A vision for how planes could be utilized whatever it take