Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,269
Norse is on the brink of going bust. The grand start in Berlin fizzled out (abysmal load factors) and they have moved on with the same concept to other airports, probably to skim some startup subsidy. They just took another sip of cash to sustain the 'start up' phase from the stock market (14.2 million €). The only thing sustaining them is the super low pay by hour lease rates they secured from leasing companies that were looking to place Norwegians fleet in the pandemic.
This summer is going to be their make or break season.