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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Norwegian Air Shuttle ASA    NAS   NO0010196140

NORWEGIAN AIR SHUTTLE ASA

(NAS)
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Chinese State Reduces Stake in Norwegian Air to 4.92%

11/24/2020 | 10:15am EST

By Dominic Chopping

The Chinese state has further reduced its stake in Norwegian Air Shuttle ASA after a company controlled by the country sold a block of shares Tuesday.

BOC Aviation Ltd., a company ultimately controlled by the Chinese state, earlier this year converted lease obligations into shares in the airline that at the time represented 12.67% of the company, as part of Norwegian Air's restructuring.

It has been selling down its stake since then and in a filing Tuesday, Norwegian Air said BOC Aviation has sold a further 38.9 million shares. The sale leaves BOC Aviation with 182.1 million shares, representing a 4.92% stake.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

11-24-20 1014ET

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LIMITED -2.52% 2.71 End-of-day quote.2.26%
BANK OF CHINA LIMITED -0.63% 3.17 End-of-day quote.-0.31%
BOC AVIATION LIMITED -4.73% 63.45 End-of-day quote.-5.30%
NORWEGIAN AIR SHUTTLE ASA -1.47% 67 Real-time Quote.-21.79%
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01/21NORWEGIAN AIR SHUTTLE : appreciates support from the Government
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01/19NORWEGIAN : Publication of listing prospectus
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01/18NORWEGIAN AIR SHUTTLE ASA : -Publication of listing prospectus
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Financials
Sales 2020 9 275 M 1 092 M 1 092 M
Net income 2020 -7 334 M -863 M -863 M
Net Debt 2020 52 756 M 6 212 M 6 212 M
P/E ratio 2020 -0,25x
Yield 2020 -
Capitalization 2 663 M 314 M 314 M
EV / Sales 2020 5,98x
EV / Sales 2021 3,47x
Nbr of Employees 9 389
Free-Float 66,6%
Chart NORWEGIAN AIR SHUTTLE ASA
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Norwegian Air Shuttle ASA Technical Analysis Chart | MarketScreener
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Technical analysis trends NORWEGIAN AIR SHUTTLE ASA
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 27,50 NOK
Last Close Price 67,00 NOK
Spread / Highest target -17,9%
Spread / Average Target -59,0%
Spread / Lowest Target -100%
EPS Revisions
Managers and Directors
NameTitle
Jacob Schram Chief Executive Officer
Niels Smedegaard Chairman
Johan Gauermann Executive Vice President-Operations
Geir Magne Karlsen Chief Financial Officer & Deputy CEO
Kurt Simonsen Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
NORWEGIAN AIR SHUTTLE ASA-21.79%321
DELTA AIR LINES, INC.1.14%25 831
RYANAIR HOLDINGS PLC-6.46%20 820
AIR CHINA LIMITED-11.64%14 190
UNITED CONTINENTAL HOLDINGS, INC.-1.53%12 393
CHINA SOUTHERN AIRLINES COMPANY LIMITED-9.09%12 138