Delayed Permit Application Hurts Norwegian Air Financials | Aviation International News

Delayed Permit Application Hurts Norwegian Air Financials

Norwegian Air Shuttle's drawn out application for a U.S. foreign air carrier permit is creating drag on its bottom line.

Norwegian Air Shuttle is seeking a U.S. Export-Import Bank loan guarantee to purchase more Boeing 787s. (Photo: Creative Commons license, Norwegian Air Shuttle.)

February 12, 2015

Norwegian Air Shuttle’s drawn-out effort to obtain a foreign air carrier permit for its subsidiary to fly to the U.S. is creating drag on its bottom line. The carrier released financial results for 2014 on February 12 showing its first net loss in eight years, a result it blamed in part on the delayed permit.

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