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Norwegian CEO Bjørn Kjos steps down – International Flight Network

Norwegian CEO Bjørn Kjos steps down – International Flight Network

A Norwegian Air Shuttle Boeing 737-800. Photo: © Andy Mitchell Norwegian Air Shuttle founder and CEO Bjørn Kjos will step down effective immediately, the company has announced. The 72-years old Kjos took over as CEO of the company in 2002 and is responsible for the rapid expansion in previous years. He transformed the 1993-established Norwegian regional…

A Norwegian Air Shuttle Boeing 737-800. Photo: © Andy Mitchell

Norwegian Air Shuttle founder and CEO Bjørn Kjos will step down effective straight, the firm has launched.

The 72-years archaic Kjos took over as CEO of the firm in 2002 and is to blame for the rapid expansion in outdated years. He transformed the 1993-established Norwegian regional carrier into Europe’s third largest low-charge airline with subsidiaries in Sweden, the UK, Ireland and Argentina.

On the identical time, the struggling carrier has launched a Q2 earn income of US$9.2 million and says this would possibly well lower several year-spherical prolonged-haul routes to summer seasonal routes.

Norwegian has collected a debt of over US$500 million for the length of the previous years and has considered two failed takeover bids from British Airways father or mother IAG (World Airways Neighborhood).

The airline within the foundation started easiest with quick-haul flights in Norway before Kjos took the role as CEO and transformed Norwegian into a swiftly increasing airline. Long-haul flights had been started in early 2013 with flights from Oslo and Stockholm to Contemporary York and Bangkok. Norwegian and its varied subsidiaries characteristic a blended rapid of 162 aircraft, most of them being Boeing 737-800 and the at the 2nd grounded 737 MAX 8 moreover to 36 Boeing 787 Dreamliner aircraft.

Beforehand, the airline launched that this would possibly well close several crew bases to enhance its overall operation. The Argentinian subsidiary is moreover no longer doing moreover to expected and has been given about a more months to enhance load factors and income, otherwise it would possibly be shut down. 90 ordered Airbus A320neo family aircraft (ordered by Norwegian’s leasing firm Arctic Aviation Resources) bear moreover been set apart up for sale.

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