Norwegian Reborn:
Another Chance — October 2023

Norwegian Air Shuttle was severely financially challenged even before the onset of the Covid-19 pandemic. The crisis pushed it into bankruptcy in late 2020 which allowed it to completely restructure its fleet, network and balance sheet, and redesign its operating model and strategy. It has emerged as a leaner and simpler airline. In a recent research report, Barclays' veteran analyst, Andrew Lobbenberg, highlighted the attractive position posed by its reincarnation.