Airlines
Norwegian Air Shuttle Warns of ‘Very Uncertain Future’
LCC Norwegian fights for its survival after the Norwegian government rejected a second Covid-19 bailout.
All of Norwegian's Boeing 737 Max 8s have sat grounded since March 2019. (Photo: Norwegian Air Shuttle)
All of Norwegian's Boeing 737 Max 8s have sat grounded since March 2019. (Photo: Norwegian Air Shuttle)

Norwegian Air Shuttle warned on Monday that it is facing a “very uncertain future” after the government of Norway earlier in the day had declined its request for a second bailout to help its bridge the loss of revenue during the pandemic. “The recently imposed strict Covid-19 measures in conjunction with this rejection for further financial aid support leaves Norwegian Air Shuttle in a challenging situation,” the Oslo-based low-cost carrier said in a regulatory filing with the Oslo stock exchange. It added it is currently evaluating the effects of the current situation with “an aim to safeguard the interest of all stakeholders.”


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