Norwegian has launched a new sustainability strategy that will see it seek to cut CO2 emissions by 45 per cent by 2030. The carrier said goals were in line with the Paris Agreement.
The carrier has reported new traffic figures heavily influenced by the Covid-19 outbreak. The total number of customers carried in August was 313,316, a decrease of 91 per cent.
With the Covid-19 pandemic taking a huge toll on the airline, passenger numbers fell 71 per cent to 5.3 million during the first six months of the year.
Having survived a near-death experience during the Covid-19 lockdown, low-cost carrier Norwegian has unveiled plans to return to operation. The airline will operate flights from London Gatwick and Edinburgh to Oslo and Copenhagen from July 1st.
Norwegian chief executive, Jacob Schram, has announced a new management structure for the low-cost carrier. The decision follows a successful financial reorganisation of the airline, which allowed for access to £230 million in support from the Norwegian government.
Norwegian has completed a complex restructuring allowing the low-cost carrier to access a state loan guarantee of £230 million. However, the coming months will remain “challenging,” the airline said earlier.
Reports suggest shareholders have backed key elements of the proposal, with about 95 per cent of votes cast supporting converting debt into equity.
Battered low-cost carrier Norwegian has said virtually all of its fleet will likely remain grounded until 2021. The news comes as the airline seeks to persuade shareholders to accept a government-backed rescue plan that will wipe out most other investors.
Pilot and cabin crew companies owned by low-cost carrier Norwegian in Sweden and Denmark have filed for bankruptcy. The move comes against a backdrop of the ongoing spread of Covid-19, with most countries having advised against or banned non-essential travel.
Norwegian has unveiled plans to strengthen its balance sheet by converting debt to equity in order to meet the requirements of the Norwegian state guarantee program.
The global outbreak of Covid-19 has decimated the latest traffic figures from Norwegian. The company experienced a dramatic drop in demand last month following government-imposed travel restrictions and a general travel decline.
Having previously pledged to work with carriers to overcome the financial difficulties created by the coronavirus pandemic, chancellor Rishi Sunak has now advised airlines to find other forms of funding.