Norwegian - Småprat (NAS) ✈

[TekBot]

Norwegian Air Shuttle ASA (NAS) – Concludes agreement to purchase 50 Boeing 737 MAX 8 aircraft

Reference is made to the stock exchange announcement dated 30 May 2022 regarding Norwegian Air Shuttle ASA (“Norwegian”) reaching an agreement in principle with Boeing for a recommitment to purchase 50 Boeing 737 MAX 8 aircraft with options for an additional 30 aircraft. Norwegian today announces that the various closing conditions related to the purchase agreement have been met. Following this, Norwegian estimates that it will record a net gain of approximately NOK 2 billion in the second quarter of 2022. Additionally, Boeing and Norwegian have filed to settle all outstanding legal disputes.

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For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA: +47 906 64 401

Fornebu, 22 June 2022
Norwegian Air Shuttle ASA

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

Kilde

[Savepig]

Fytti det er mange aksjonærer som har blitt røvkjørt hardt av boeing her

[Tony1]

@TekBot

Norwegian estimates that it will record a net gain of approximately NOK 2 billion in the second quarter of 2022

What does it mean? NAS has a profit of NOK 2 billion in Q2!?

[TekBot]

Norwegian Air Shuttle ASA (NAS) - Conversion of New Capital Perpetual Bonds - New share capital registered

Reference is made to the Norwegian Air Shuttle ASA (the “Company”) FRN perpetual subordinated convertible bond loan with ISIN NO 0010996440, ISIN NO 0010996432, ISIN NO 0011157331 and ISIN NO 0011157356 in the outstanding amount of NOK 1,821,064,046 (the “New Capital Perpetual Bonds”).

Pursuant to the bond terms, the New Capital Perpetual Bonds with ISIN NO 0010996440 in the aggregate amount of NOK 1,738,293,310 can be converted into shares from the date falling on the second anniversary of the issue date (the “Ordinary Conversion Bonds”). The New Capital Perpetual Bonds with ISIN NO 0010996432 in the aggregate amount of NOK 56,502,939 are convertible into shares from the issue date, being 26 May 2021 (the “Early Conversion Bonds”). The New Capital Perpetual Bonds with ISIN NO 0011157331 and NO 0011157356 in the aggregate amount of NOK 26,267,797 can be converted into shares from the date falling on the second anniversary of the issue date (the “PIK Bonds”).
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The Ordinary Conversion Bonds and the Early Conversion Bonds were issued as a part of the capital raise being prescribed under the scheme of arrangement for the financial restructuring of the Company and certain of its Irish subsidiaries, which was implemented on 26 May 2021 through an Irish examinership process and a Norwegian reconstruction process. For further details, please see the stock exchange announcement on 11 March 2021, 3 May 2021 and 26 May 2021. The PIK Bonds were issued on 1 December 2021 as payment in kind for interest accrued on the Ordinary Conversion Bonds and the Early Conversion Bonds in the interest period ending 1 December 2021.

The Company has received conversion notices from bondholders representing NOK 1,814,988 Early Conversion Bonds, which pursuant to standard terms set out in the bond terms are convertible into 193,289 new shares in the Company.

Following the conversion, the Company has New Capital Perpetual Bonds in issue in the nominal amount of NOK 1,819,249,058, of which NOK 1,738,293,310 constitute Ordinary Conversion Bonds, NOK 54,687,951 constitute Early Conversion Bonds and NOK 26,267,797 constitute PIK Bonds. The remaining New Capital Perpetual Bonds may be converted into approximately 193.7 million shares in the Company at a conversion price of NOK 9.39, subject to anti-dilution provisions.

The Company’s share capital is increased by NOK 19,328.90 by issue of 193,289 shares. The capital increase pertaining to the conversion of the Early Conversion Bonds has today been registered in the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The Company’s new share capital is NOK 92,998,973.90 divided into 929,989,739 shares, each with a nominal value of NOK 0.10.

Issuance of the new shares in the VPS is expected to take place later today.

For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA, tel +47 906 64 401

Fornebu, 24 June 2022
Norwegian Air Shuttle ASA

Important information
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia) or in any other jurisdiction where such publication or distribution is unlawful. This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act.

Kilde

[Multiple]

@Savepig

Fytti det er mange aksjonærer som har blitt røvkjørt hardt av boeing her

Før pandemien var vel dette en dekkende beskrivelse, ja. Men fordi aksjonærene uansett tapte verdiene sine under pandemien så spilte det liten rolle med 4 millarder fra eller til i bokført tap.

@Tony1

What does it mean? NAS has a profit of NOK 2 billion in Q2!?

Det ser slik ut.
I regnskapet til Norwegian for 2020 ble det gjort store nedskrivninger, som resulterte i et rekordunderskudd. NAS skrev ned forskuddsbetalingene som selskapet har gjort til Boeing og Airbus (annual report 2020, note 11, page 47).
Karlsen skal ha sagt: “Selv om vi har skrevet ned PDP, er ikke det samme som at vi taper alt som vi har betalt til Boeing. Men vi har tatt en konservativ tilnærming i regnskapet.”
Dette kan gi en potensiell gevinst i fremtiden, hvis man kommer til en enighet med Boeing der Norwegian får hele eller deler av forskuddet tilbake.

Egentlig en genistrek: Man skrev ned alt da alt likevel gikk i vasken, og aksjen ble verdiløs, og lot disse verdiene ligge “skjult” for å tilføres som ekstra verdier til fremtidige eiere.
Nå ser det altså ut som vi er der at man har fått en avtale som reaktiverer 2 milliarder som da vil bli en gevinst.
Så blir det interessant hvordan avisene presenterer dette. Kjenner jeg dem rett (de vil ha mest mulig sensasjonspregede overskrifter, og er samtidig normalt veldig fokusert på hvor mye et selskap har “tapt” eller “tjent”) så vil de skrive om kjempeoverskudd i Norwegian, kombinert med trafikktall som er voldsomt opp fra de siste par årene. Og kursen går til himmels??

[Savepig]

@Multiple

Egentlig en genistrek: Man skrev ned alt da alt likevel gikk i vasken, og aksjen ble verdiløs, og lot disse verdiene ligge “skjult” for å tilføres som ekstra verdier til fremtidige eiere.

Jepp, dette var en pen mulig trigger for de nåværende eierene.

@Savepig

Norwegian burde jo i en normal verden ha 3 milliarder cash inn på konto fra boeing i november.

@Savepig

WOW! Det amerikanske justisdepartementet legger an siktelse mot Boeing med like kraftig språk som Norwegian har rettet mot flyprodusenten.

Dette må da være vesentlig for Norwegian sitt erstatningssøksmål?

“Boeing is now entering into a “deferred prosecution agreement” worth $2.5 billion consisting of a $243 million criminal penalty, $500 million to relatives who lost loved ones and $1.77 billion to global airlines affected by the MAX groundings.”

[Multiple]

Det er ikke overraskende at styremedlemmer, som man må regne med at kjenner til poengene med de positive regnskapstallene og trafikktallene vi har i vente, har kjøpt aksjer på 10 og 11 kroner i slutten av mai.
Men Voleon har økt shorten jevnt og trutt gjennom juni, ned til ca kr 9 den 16. juni. Nå på ca 19 millioner aksjer synlig short. Det spørs om ikke de bør skynde seg å kjøpe tilbake før Q2-tallene kommer. Har NAS nådd bunnen for denne gang, så kan vi få en reprise på april med stigende kurs og tilbakekjøp. Det interessante er hvor lang tid det tar før algoritmene til Voleon finner ut at det skal kjøpes tilbake. Blir det i forkant av, eller etter en evt kursstigning?

(Venstre akse / svart: NAS-kurs, Ytre høyre akse / triangler: dagsvolum, Indre høyre akse / ulike shortere i farger: shortprosent.)

[Melhus79]

Flere nødsituasjoner - Boeing 737 Max skal granskes igjen

[Multiple]

Teknikerstreiken avblåst. Da er det bare å kjøre på for full maskin i sommer. Ser frem til trafikktallene, spes for juli.

[TekBot]

NAS: Shareholder Disclosure Notification

Pursuant to Section 4-3 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations, we hereby disclose the following information.

Funds managed by Silver Point Capital, L.P. have on 28 June 2022 sold 1,085,000 shares in Norwegian Air Shuttle ASA (the “Company”), following which funds managed by Silver Point Capital, L.P. owned 46,049,500 shares in the Company, equal to approximately 4.952 percent of the total outstanding number of shares of the Company.
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Silver Point Capital, L.P is the disclosing party on an aggregated level. The shares and voting rights are effectively held by the following funds managed by Silver Point Capital, L.P . or its affiliates[1]:
• Silver Point Capital Fund, L.P.
• Silver Point Capital Offshore Master Fund, L.P.
• Silver Point Distressed Opportunities Fund, L.P. (the “Distressed Opportunities Fund”)
• Silver Point Distressed Opportunities Offshore Master Fund, L.P. (the “Distressed Opportunities Offshore Fund”)
• Silver Point Distressed Opportunities Institutional Partners, L.P. (the “Distressed Opportunities Institutional Fund”)
• Silver Point Distressed Opportunities Institutional Partners Master Fund (Offshore), L.P. (the “Distressed Opportunities Institutional Offshore Fund”)

This notification is made pursuant to Section 4-2 of the Norwegian Securities Trading Act.

[1] Silver Point Distressed Opportunities Management, LLC (“Distressed Opportunities Management”) is the investment manager of the Distressed Opportunities Fund, the Distressed Opportunities Offshore Fund, the Distressed Opportunities Institutional Fund and the Distressed Opportunities Institutional Offshore Fund (collectively, the “Distressed Funds”) and by virtue of such status may be deemed to be the beneficial owner of the securities held by the Distressed Funds. Silver Point Capital, L.P. is the sole owner of Distressed Opportunities Management.

Kilde

[TekBot]

Norwegian Air Shuttle ASA (NAS) - Mandatory notification of trade

Primary insider Hans-Jørgen Wibstad, Chief Financial Officer (CFO) at Norwegian Air Shuttle ASA, has today purchased 20,000 shares at a price of NOK 8.2273 per share. Following the transaction, Mr Wibstad holds 45,000 shares in the company.

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Fornebu, 30 June 2022
Norwegian Air Shuttle ASA

This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 19 no. 3 and section 5-12 of the Norwegian Securities Trading Act, and was prepared by Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA, tel. +47 906 64 401.

Kilde

[E24Bot]

Tiden etter Norwegian: – Det tyngste jeg har opplevd i næringslivet

Tiden etter Norwegian: – Det tyngste jeg har opplevd i næringslivet

[E24Bot]

SAS-konkursen er ikke godt nytt for Norwegian og Flyr

SAS-konkursen er ikke godt nytt for Norwegian og Flyr

[Rodjer]

Skyr vanligvis fly aksjer som pesten, men med et knekt og parkert SAS kan Norwegian sope inn betydelig mer nå i høymessa, verdt et lodd nå kanskje

[Tony1]

the article referred to in the last post claims the opposite !

[Tony1]

the numbers for June are great!

[Rodjer]

1,9 millioner fløy med Norwegian

[Tony1]

fantastic numbers! and look at the load factor! the planes are full!

[Melhus79]

Norwegian er trolig det selskapet som kan lykkes i Norge nå. Ser fram til inntektene neste rapport.

Flyr kommer trolig etterhvert, men er nok mange emisjonen og flere fly som må til.

SAS kan ikke jeg se noen annen utvei enn en konkurs eller en voldsom emisjon om de klarer å bli enig med ansatte.

Ser eksempel prisene Oslo- Chania.

[Tony1]

As I understand NAS anticipates a profit of NOK 2 billion in Q2!

“Norwegian estimates that it will record a net gain of approximately NOK 2
billion in the second quarter of 2022”

Unfortunately it will be officially declared only at the end of August (i.e. not earlier)!