Norwegian Air to cancel 85% of flights and temporarily lay off 90% of staff

Re:Norwegian Air to cancel 85% of flights and temporarily la... by godzillabrennus on Monday March 16, 2020 @01:51PM (#22595279)

None but they can sell them to another group of PE and recoup the Capital their investors are probably clamoring to reclaim in light of the industries issues.

Their LP’s would probably take a hit to unlock the cash and get into something more likely to rebound faster.

[ Parent | on HN ]

Re:Norwegian Air to cancel 85% of flights and temporarily la... by Tuna-Fish on Monday March 16, 2020 @06:03PM (#22598523)

Norwegian and it's subsidiaries currently operate a fleet consisting mostly of 737-800, which were being upgraded to 737 MAX 8, with 3 delivered so far. Some subsidiaries have a few 787's, and they did have 30 A321LR on order.

The 787's and the A321LRs are good planes that they could sell, but the 737-800 is an obsolete plane which has a very hard time operating with a profit when competing against the new crop of fuel-efficient narrow bodies. You can't really sell them to anyone for any reasonable amount in the current market. MAX 8's are also hard to get rid off, but for a different reason.

[ Parent | on HN ]

Re:Norwegian Air to cancel 85% of flights and temporarily la... by toomuchtodo on Tuesday March 17, 2020 @12:21PM (#22606519)

737-800s will go to the boneyard.

[ Parent | on HN ]

Re:Norwegian Air to cancel 85% of flights and temporarily la... by HenryBemis on Monday March 16, 2020 @02:03PM (#22595413)

Selling won't work. If suddenly "many" airlines start selling, the demand won't be that high, and 1) the prices will plummet and 2) there won't be enough buyers so some airlines will be severely damaged (anyway)(better fewer than all I guess).

[ Parent | on HN ]