Norwegian is forced to furlough employees and reduce capacity considerably
following the government's decision to not support the company financially to
get through the corona crisis while simultaneously imposing travel restrictions
that actively discourage passengers from travelling. The consequences of the
government-imposed travel restrictions are critical and Norwegian needs to keep
its running costs to a minimum, while the company continues to work on solutions
to survive.

"Following today's disappointing announcement from the government, we have no
choice but to furlough an additional 1,600 colleagues and park 15 of the 21
aircraft we've operated the past months. Recently government-imposed travel
restrictions have effectively stifled any hope of a stable and progressive
recovery, Norwegian has been hit from all sides by factors outside of our
control. I sincerely apologize to all our colleagues that are now affected, but
there is no other alternative. Prior to Covid-19, Norwegian employed more than
10,000 people, but the coming months there will be only 600 colleagues employed.
Our goal is to keep six aircraft on domestic routes in Norway, and I expect that
Norwegian will also receive route support from the Ministry of Transportation,
as previously announced," said CEO Jacob Schram of Norwegian.

Unfortunately, the significant route reduction will also affect customers who
have already booked a flight with Norwegian.

"We will do everything we can to offer affected customers alternative travel
option and I sincerely apologize for the inconvenience caused by this situation.
All affected customers will be notified by us directly," said Schram.

These routes will be operated:
Oslo - Alta
Oslo - Bergen 
Oslo - Bodø
Oslo - Evenes
Oslo - Haugesund
Oslo - Kirkenes
Oslo - Molde
Oslo - Stavanger
Oslo - Tromsø
Oslo - Trondheim
Oslo - Ålesund
Tromsø - Longyearbyen





Norwegian Air Shuttle ASA
Fornebu 9 November 2020

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© Oslo Bors ASA, source Oslo Stock Exchange