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Low-cost European carrier Norwegian Air may be the first casualty of Trump's Europe travel ban and it slashes thousands of flights and plans to lay off up to 50% of staff
Low-cost European carrier Norwegian Air may be the first casualty of Trump's Europe travel ban and it slashes thousands of flights and plans to lay off up to 50% of staff
Mar 13, 2020, 00:11 IST
"Norwegian has a relatively week balance sheet," Harteveldt said.
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The first hiccup for the red-nose airline occurred when it was forced to ground its Boeing 787 Dreamliner fleet, the backbone of its transatlantic strategy, due to battery and wiring issues with the next-generation aircraft.
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The latest hiccup came following the worldwide grounding of the Boeing 737 Max aircraft, for which Norwegian had high hopes to use for a fleet renewal and further transatlantic expansion.
Norwegian has one saving grace, according to Harteveldt, and that is its base at London's Gatwick Airport, currently unrestricted by the US government.