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These are difficult times for the Norwegian. Currently only seven planes are operational, and 136 are parked on the ground, sealed and ready to stand for a time.
Stig Patey is one of the lucky ones who still has a job as a pilot, but says that everyday life has changed dramatically.
– It’s quite different to fly now, of course. There are far fewer passengers, and most of my colleagues are fired, says the TV 2 pilot.
When TV 2 flew from Oslo to Stavanger on Thursday, April 16 at 11 a.m., 26 passengers were registered on board.
– A sad sight
The Norwegian pilot thinks it is sad to see the planes parked in a row at the Sola in Stavanger. Norwegian has parked around 40 of its planes here.
– We only have a small part of our parked fleet there, a rather sad sight, says Patey, pointing to the parked planes. Co-pilot Qaisar Khan agrees and agrees.
Are you afraid of not having a job to go to when this is all over?
– Yes, of course, says Patey.
– This is a crisis that aviation has never seen before. So it is important that the authorities help so that we can go through and have sustainable aviation after the crisis. For now, in a way, we have to secure our jobs and make sure that we are
part of aviation even after the crisis.
Norwegian tourism affected
State Innovation Norway fears the ripple effects of the rest of Norwegian tourism if it goes bankrupt.
– Norwegian has for many years been a major contributor to the growth we’ve seen in tourism in recent years, says Bente Bratland Holm, director of tourism at Innovation Norway, for TV 2.
In recent years, Norwegian has brought more and more foreign tourists to Norway.
– When 1.5 million international passengers flew to Norway last year, it means something for value creation and jobs across the country.
The demand of the authorities.
On March 16, the state introduced measures to help Norwegian aviation. It was proposed to establish a government loan guarantee totaling NOK 6 billion, of which three of these billions would go to Norway.
State requirements
- The state provides 90 percent of the guarantee if banks, credit institutions, or other commercial counterparts provide the remaining 10 percent.
- Airlines must have had a capital ratio of at least eight percent at the end of the last quarter. Otherwise, financial creditors must waive interest and defer repayment for three months for the company to have access.
guarantee. - Norwegian will receive NOK 300 million first. They will then receive NOK 1.2 billion if they receive interest rates from creditors, and the remaining 1.5 billion will be given when the company has improved the capital / asset ratio.
However, the state made several demands that Norwegian and the other airlines receive the money.
The company has successfully met the state’s NOK 300 million requirement. Norwegian is now working to meet the remaining requirements by converting debt into equity. They have proposed asking lenders to trade the loans for company shares.
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