Adrian Dunne will join Norwegian as the new executive vice president, operations. He has more than thirty years of experience as a leader within the aviation industry.
If the plan is approved by the Irish and Norwegian courts in the coming weeks, the company can continue the reconstruction processes and initiate a capital raise next month.
In February, 61,374 customers flew with the low-cost carrier, a decrease of 97 per cent compared to the same period last year. The load factor was 38 per cent, down 44 percentage points.
Out of a current fleet of 131 aircraft, the low-cost carrier said an average of 15 were operational during the fourth quarter, mainly on domestic routes in Norway.
Jacob Schram, chief executive of Norwegian, said: “The pandemic continues to have a negative impact on our business as travel restrictions remain.”
The low-cost airline said the decision to offer new capital would significantly increase its chances of working through the crisis caused by the Covid-19 pandemic.
Low-cost carrier Norwegian has outlined a simplified business structure and dedicated short haul route network as it plans a return from the Covid-19 shutdown.
Norwegian has revealed traffic figures for December continued to be heavily influenced by lower demand caused by continued travel restrictions across Europe.
The carrier was made subject to an examinership process in Ireland on December 7th, and now wants to enter into a supplementary Norwegian reconstruction process.
Traffic figures at the low-cost carrier continue to stagnate, while plans have been unveiled to raise €375 million in an attempt to stave off bankruptcy.
Norwegian has won High Court protection from creditors for its key Irish subsidiaries as the carrier begins the latest bid to salvage its struggling operations.
Norwegian argues its operations are unsustainable in light of travel restrictions imposed in the wake of the Covid-19 pandemic which actively discourage passengers from travelling.