Only in charge since the characteristic founder Bjørn Kjos stepped down in July 2019, Norwegian’s CEO Jacob Schram has warned the carrier is facing “a very uncertain future,” as the Government of Norway indicated that it will not provide further financial support to the low-cost carrier.
Earlier this year the airline said it had gained access to NOK3bn (£256m) in state guaranteed loans, but following the reporting of first half losses of NOK5.3bn (£452m) in August, Schram warned that more support would be needed...more
