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Norwegian Air Shuttle ASA (NAS.OL)

Oslo - Oslo Delayed price. Currency in NOK
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0.4050-0.0241 (-5.62%)
As of 4:25PM CET. Market open.
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  • B
    BuyAndHold
    Bankruptcy protection - "no one really expects a negative message," says Hans Jørgen Elnæs, analyst.

    December 7 is a date to call in the calendar. Norwegian's application for bankruptcy protection will then be taken up in Irish court. And it is up to the court to approve the request. - If bankruptcy protection is not granted, basically anything can happen, but no one really expects a negative message, says Hans Jørgen Elnæs, analyst with 35 years of experience in the industry and who has held management positions in both Ryanair and Qatar Airways.

    Hans Jørgen Elnæs does not believe that any of the major airlines active in the Scandinavian market will disappear in the foreseeable future. On the other hand, he predicts that both Norwegian and SAS will shrink significantly. - In a first step, Norwegian can shrink by between 50 and 70 aircraft - which can be compared with the fact that they have about 140 aircraft today. As for SAS's plans, we do not know much except that all Boeing 737s will be phased out by 2023. They will be replaced by the Airbus A320neo. Then SAS can choose to postpone the delivery of certain Airbus A320neos, if the pandemic drags on. Jan Ohlsson states that Norwegian is hanging on a fragile thread, but that Norway cares about the Norwegian. - The support for Norwegian is large among small savers and travelers and the airline has already become an election issue before the Storting election in September next year. There are good reasons to believe that Norwegian will be saved at the last minute in some way.

    Ref.
    https://www.realtid.se/flygkrisen-lagprisbolag-med-foten-pa-gasen
  • J
    Jay
    Norwegian Air proposes restructuring, share sale in bid to survive

    OSLO, Dec 3 (Reuters) - Norwegian Air proposed on Thursday a package of debt conversion, aircraft divestment and sale of new equity in a bid to overcome the coronavirus pandemic that has brought the company to the brink of collapse.

    As part of the plan, the Oslo-based carrier, which recently applied for bankruptcy protection in an Irish court, aims to raise up to 4 billion Norwegian crowns ($455.4 million) from the sale of new shares, it said in a statement. ($1 = 8.7843 Norwegian crowns) (Reporting by Terje Solsvik, editing by Gwladys Fouche)
  • J
    Jay
    Assuming that Norwegian survives, what you think would be realistic price by the end of 2021? Do you think it could be over 2 NOK or would it take longer to reach there?
  • T
    Tal
    What’s happening?
  • B
    BuyAndHold
    I have looked at different companies with high debts and which have ended up under Chapter 11, to see if they succeed and how the price is affected.

    https://www.businessinsider.com/hertz-filing-for-bankruptcy-as-early-as-this-weekend-report-2020-5

    The price has since November 5, when financing was announced, gone from 88 cents to today 1.71.

    https://www.businessinsider.com/hertz-filing-for-bankruptcy-as-early-as-this-weekend-report-2020-5

    https://finance.yahoo.com/quote/HTZGQ/

    Latest news about Hertz is summarized here.

    https://seekingalpha.com/article/4392273-bankrupt-hertz-is-betting-5-billion-on-much-stronger-economy-in-2021
    The car-rental giant became one of the first major corporate casualties of the economic fallout from COVID-19 after entering Chapter 11 proceedings.
    The car-rental giant became one of the first major corporate casualties of the economic fallout from COVID-19 after entering Chapter 11 proceedings.
    www.businessinsider.com
  • J
    Jay
    "The main index on the Oslo Stock Exchange opens with an increase of 0.3 percent on Thursday to 930 points.

    Ahead of the stock exchange opening, the airline Norwegian announced that it wants to raise NOK 4 billion from existing and new shareholders.

    The capital raising will consist of shares and / or hybrid share instruments from existing and new shareholders, as well as new debt and any new government support.

    Despite the fact that existing shareholders are being diluted, the share price rose between five and ten percent at the opening of the stock exchange on the Oslo Stock Exchange.

    In addition to raising NOK 4 billion in fresh cash, the company aims to convert its current debt into equity, valued at market prices. This means that today's lenders must exchange their claims for new shares in Norwegian."
  • J
    Jay
    Can anyone suggest a broker for Norwegian air that allows non-US users?
  • B
    BuyAndHold
    Landing rights worth 3 times the market capitalization of Norwegian.

    https://www.dn.no/
  • m
    mike
    Change your name then?
  • V
    Victor
    December will be an interesting month for NAS, lets see their creditor protection on 7th December
  • k
    kunamneni
    Buy at this level to get good profits in a week
  • B
    BuyAndHold
    Arecap dumps shares, but holds a key for Norwegian's new owners ”.. (according to headline in a article)

    https://finansavisen.no/
  • J
    Jamie
    Norway's government extends the duration of pandemic loan guarantees to its airlines from 2 to 3 years, including Norwegian's original loan but it did not increase their amount.
  • G
    Gillis
    Just keep in mind, 9th of December last time for new share release
  • B
    BuyAndHold
    The leasing company Aercap has sold 47.8 million shares in Norwegian through the subsidiary Ballyfin Aviation. It appears in a stock exchange announcement on Monday morning. The company now owns 3.1 percent of the share capital in Norwegian - or just under 114.8 million shares. In addition, Aercap has ownership in perpetual bonds that can be converted into 219.5 million Norwegian shares. It represents 5.9 percent of the share capital in the company. Aercap's ownership in Norwegian fell below ten percent earlier this month, and was at that time around 331 million Norwegian shares.

    https://aksjelive.e24.no/article/R95kPA
  • S
    Sigitas
    ,, Today, more than one billion Norwegian shares can go on sale
    On Friday last week, the crisis-stricken airline Norwegian announced that the opening of the bankruptcy process in Ireland means that many of the shares the company's creditors have agreed to a few in exchange for their claims, are now released for sale.

    Initially, the requirements were converted into shares which would only be released from the so-called "lockup" agreement at a specified time in the future. The purpose of such an agreement is to prevent all shares being released and put up for sale at the same time.,,

    According to the announcement on Friday, 843 million Norwegian shares will be released from such a "lock-up" today, 25 November.
    At the same time, units in a so-called perpetual bond loan with an original ("nominal") value of a total of NOK 740 million will be released. These requirements can be exchanged for around 174 million shares.
    This means that a total of more than one billion new shares in Norwegian will be available for possible sale on Wednesday of the week.
  • r
    rabih
    I'm holding since it was .50 any estimate the future value or they gonna make it or not
  • B
    BuyAndHold
    "The total debt and liabilities that the company will wholly or partly convert into shares is NOK 73.4 billion."

    https://e24.no/boers-og-finans/i/EpbplP/analytiker-har-tro-paa-norwegian-plan-tror-det-er-en-fair-sjanse
  • g
    gavril
    It's worth buying or it's a lottery?
  • B
    BuyAndHold
    CFO Karlsen about cash burn. This is an older news, but is perhaps not so well known to everyone.

    " We now have a "cash burn" of less than NOK 100 million a month. How many flights we use in the future is more a function of the market and bookings, than this process itself, says Karlsen."

    https://www.dn.no/luftfart/norwegian/jacob-schram/geir-karlsen/gir-seg-selv-vinteren-til-a-redde-norwegian-dette-har-vi-planlagt-for/2-1-915165