Norwegian - Småprat (NAS) ✈

[UNO]

Fiji Airways utsetter bruk av 737 Max-fly til høsten 2020 - E24 Aksjelive

[TekBot]

Norwegian Air Shuttle ASA to establish a joint venture with CCB Leasing (International) Corporation DAC

Norwegian Air Shuttle ASA («Norwegian») is pleased to announce the formation of a new joint venture («JV») with CCB Leasing (International) Corporation DAC («CCBLI»). CCBLI is a wholly owned subsidiary of China Construction Bank Corporation (CCB), an industry leader in banking, financial services and leasing, and the world’s second largest bank by asset value. CCBLI will be the majority owner of the JV with a 70 % share, with Norwegian, through its wholly owned subsidiary Arctic Aviation Assets DAC (“Arctic”), holding the remaining 30 %.
The purpose of the JV will be to finance, own and lease aircraft which are part of Norwegian’s Aircraft orderbook. Under the terms of the agreement, the JV will purchase from Arctic an initial 27 Airbus A320 NEO aircraft to be delivered from 2020 to 2023. Aircraft deliveries into the JV will start from Q1 2020. CCBLI has committed to provide senior debt financing to the JV for all of the 27.

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In addition to a positive equity effect, the JV will reduce Norwegian’s committed capital expenditure by approximately USD 1.5 billion based on the initial 27 aircraft.

“Following several months of negotiations, I’m very pleased to announce that we have reached an agreement with CCBLI to establish a joint venture for an initial 27 Airbus A320 NEO aircraft. This agreement will contribute significantly to reducing our current and future capital expenditure. The JV is one of many important initiatives that need to be realized in order for us to deliver on our strategy of moving from growth to profitability,” said Acting CEO Geir Karlsen of Norwegian.
“I am convinced that CCBLI with its professionalism, financial strength and capabilities will be an excellent partner for Norwegian into the future. This JV is an important first step in building a strong strategic partnership between our two companies.” Karlsen added.

We have developed a good relationship with Norwegian over the past year, including two executed transactions, and we are very much looking forward to continue to build on this relationship by forming the JV, said Kevin MI, Head of Aviation, CCBLI.

Fornebu, 24 October 2019
Norwegian Air Shuttle ASA

For further information, please contact:
Tore Østby, EVP Strategic Planning and IR, tel +47 99546400

Kilde

[TekBot]

Norwegian Air Shuttle reports third quarter 2019 results

Norwegian Air Shuttle reports third quarter 2019 results
Norwegian’s third quarter results are characterized by improved profitability, higher unit revenue, lower unit cost and reduced growth, in line with the strategy. Profit before tax improved by 38 per cent compared to the same quarter last year to NOK 2.2 billion.

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Please find enclosed the Q3 2019 presentation and report.

Fornebu, 24 October 2019
Norwegian Air Shuttle ASA

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[Monok]

goody

[Neonsun]

Dette var gode nyheter å våkne til! Blir greit med en skikkelig blå dag nå

[Storg]

Noen som tør gjette på dagens oppgang? Regner med at shorterne får det trangt i døra.

[Evilfreud]

Newsflash fra Pareto - Full rapport på sidene dems.

[Norwegian Air Shuttle - Q3’19 first take – Earnings beat and improving cash flow]

Newsflash 24.10.2019 08:15

Buy

Norwegian Air Shuttle (NAS) reported Q3’19 EBITDAR adj. of NOK 4,410m, up 136% y/y and 10% ahead of consensus and 21% ahead of PAS. Revenues came in line, thus improving cost explains most of the beat. Here, the cost programme contributed with NOK 827m in Q3 (we expected NOK 300m) and adds up to NOK 1,848m YTD. Impressive and bode well for 2020-22e. This brings the unit cost down 6% y/y, despite a substantial headwind from FX, which is some 5-6% ahead of expectations. Though, opex seems to include one-off items, i.e. maintenance (down 30% y/y). Still, EBITDAR guidance for 2019 is lifted to NOK 6.1-6.5bn (low-.end up NOK 100m) and thus ahead of our NOK 6.0bn estimate. Furthermore, operational cash flow is strong at NOK 2.1bn, and asset sales contributed to NOK 2.8bn positive capex (NOFI, aircraft), totalling at a free cash flow of NOK 4.9bn and after financing CF the cash balance is lifted by NOK 1.3bn. While book equity came in at NOK 5.3bn, above our NOK 4.2bn estimate – we think a share price relief is justified. Finally, the JV was announced today – see separate note – said to strengthen financials considerably. We expect the share to fly today and reiterate our Buy with TP of NOK 60

[Evilfreud]

Pareto om JV.

[Norwegian Air Shuttle - JV announced]

Newsflash 24.10.2019 06:56

Buy

Norwegian just announced that the JV is establish for parts of its aircraft fleet with China Construction Bank Leasing Corporation (CCBLI). NAS will own 30% and CCBL 70%. The JV will initially include 27 Airbus A320neo due for deliveries from 2020-23e with an estimated capex at USD 1.5bn (USD 55-56m per aircraft). This is accordingly a first step in a strategic partnership – thus we believe more aircraft might be added in due course. CCBLI has committed debt financing for the JV – thus we expect NAS to get its share of pre-delivery payment released (not entirely clear in the statement). The JV is said to include a positive equity effect without being specific. Though, the agreement is said to strengthen NAS’s financials considerably. We think more clarity will be provided at the Q3 result presentation at 08:30 CET today.

[Kalleklovn]

Max i luften tidligst sent i Mars. Auchh

[UNO]

Norwegian er avventende med 737 Max

[Savepig]

Elsker lukten av brent shorts

[Joop]

Så deilig med en etterlengtet opptur:relaxed:

[Sjokk]

Videre opp i dag etter pene 25% i går, Nordea kommer med kjøpsanbefaling og kursmål på 60. Litt sent jeg greide å få noe på 33.

[TekBot]

Mandatory notification of trade - Employee Share Saving Plan

On Friday 25 October 2019 a total of 62,960 shares were purchased on behalf of employees in Norwegian Air Shuttle ASA participating in the company’s employee share saving program. The average purchase price was NOK 47.61 per share.

On behalf of Torstein Hiorth Soland the company has purchased 94 shares. The new holding is 1,300 shares.
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On behalf of Eric Holm the company has purchased 94 shares. The new holding is 964 shares.

On behalf of Tomas Hesthammer the company has purchased 94 shares. The new holding is 986 shares.

On behalf of Helga Bollmann Leknes and related the company has purchased 220 shares. The new holding is 1,130 shares.

On behalf of Lasse Sandaker-Nielsen the company has purchased 157 shares. The new holding is 2,493 shares.

Fornebu, 25 October 2019
Norwegian Air Shuttle ASA

Martine Undeli Bekkelund, Investor Relations Officer
Phone +47 952 60 728
E-mail: martine.bekkelund@norwegian.com

This information is subject of the disclosure requirements according to §5-12 vphl Norwegian Securities Trading Act.

Kilde

[TekBot]

Closing of the sale of shares in Norwegian Finans Holding

Reference is made to the stock exchange notice from Norwegian Air Shuttle ASA (“NAS”) on 19 August 2019 regarding the sale of its shareholding in Norwegian Finans Holding ASA (“NOFI”) to Cidron Xingu Limited, a company indirectly controlled by Nordic Capital Fund IX (1) (“Nordic Capital”), and Sampo plc (“Sampo”).

NAS has been notified that Nordic Capital and Sampo have obtained regulatory approval for the acquisition of the remaining 14,004,262 shares, representing 7.50% of the outstanding share capital of NOFI, owned by NAS in NOFI (the “Subsequent Sale”). The closing of the Subsequent Sale is expected to take place within 3 days. After completion of the Subsequent Sale, NAS will own no shares in NOFI.
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For more information, please contact:
Tore Østby, EVP Strategic Development and IR, phone: +47 995 46 400

(1) “Nordic Capital Fund IX” refers to Nordic Capital IX Limited, acting in its capacity as General Partner of Nordic Capital IX Alpha, L.P. and Nordic Capital IX Beta, L.P.

Kilde

[TekBot]

Norwegian Air Shuttle ASA - Sale of one Boeing 737-800 aircraft

Arctic Aviation Assets, a subsidiary of Norwegian Air Shuttle ASA (“the Company”), has signed an agreement for the sale of one Boeing 737-800 aircraft, subject to final documentation. The aircraft is currently operated by the Company and the delivery will take place in Q4 2019. Sale proceeds will be used to repay debt and to increase the Company´s liquidity. The transaction is expected to increase the Company’s liquidity by approximately USD 15 million after repayment of debt and have a positive equity effect.

The sale is in line with the Company’s continued strategy of capitalizing on the scale built up over the last few years and the changed focus from growth to profitability.
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Kilde

[Savepig]

Hvordan er situasjonen med kredittkortpengene som ble holdt tilbake fra NAS? Det kan da umulig være gyldig grunnlag for å fortsette med det?

[Daniel78]

Er ikke helt sikker her, men er det ikke slik kredittkort fungerer da? En slags garantist både for kjøper og selger? Kjøper betaler ved inngåelse av avtalen, selger får pengene når varene er levert.

[Evilfreud]

De blir holdt tilbake til produktet er levert. Dette er helt vanlig i risk bransjer

[Savepig]

Dette var en situasjon som oppsto for Norwegian fordi soliditeten til selskapet ble oppfattet som sviktende.

Slik kan kredittkortet ditt ha blitt et problem for Norwegian

Situasjonen er vel som natt og dag når man sammenligner november 2019 med et år siden?