Four of Norwegian Air’s subsidiaries have gone bankrupt.
Due to COVID-19, you know what’s going on. Norwegian Air has slashed a majority of its capacity and has cancelled numerous flights.
Four of Norwegian Air’s subsidiaries responsible for staffing have gone bankrupt:
- Norwegian Pilot Services Sweden AB
- Norwegian Pilot Services Denmark ApS
- Norwegian Cabin Services Denmark ApS
- Norwegian Air Resources Denmark LH ApS
As a result, 1,571 pilots and 3,134 cabin crew will be affected by this as they could likely be unemployed during these harsh times.
Norwegian Air’s 2,000 other crew members based in Norway, France and Italy are not affected by this bankruptcy.
CEO Jacob Schram:
”The impact the Coronavirus has had on the airline industry is unprecedented. We have done everything we can to avoid making this last-resort decision and we have asked for access to government support in both Sweden and Denmark.
Today has not been a great day with Virgin Australia planning to go into administration and South African Airways expecting to collapse soon.
Unfortunately, if the airline does not receive its necessary government bailout, these four bankruptcies may be the first causalities before Norwegian Air’s true collapse.