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Norwegian CEO Bjørn Kjos resigns



A Norwegian Air Shuttle Boeing 737-800. Photo: © Andy Mitchell

Bjørn Kjos, founder and CEO of Norwegian Air Shuttle, resigns with immediate effect, the company said.

The 72-year-old Kjos took over the company's management in 2002 and is responsible for the rapid expansion in recent years. He transformed the Norwegian regional airline, founded in 1993, into Europe's third-largest low-cost carrier with subsidiaries in Sweden, the United Kingdom, Ireland and Argentina.

At the same time, the struggling airline has announced a net profit of $ 9.2 million for the second quarter. In recent years, Norwegian has accumulated over $ 500 million in debt and two failed takeover bids from British Airways parent company IAG (International Airlines) receive Group).

The airline originally only operated short-haul flights in Norway before Kjos took over the role of CEO and turned Norwegian into a rapidly expanding airline. Long-haul flights were launched in early 201

3 with flights from Oslo and Stockholm to New York and Bangkok. Norwegian and its various subsidiaries operate a combined fleet of 162 aircraft, most of which are Boeing 737-800s and the currently ground-based 737 MAX 8 and 36 Boeing 787 Dreamliners.

Previously, the airline announced that it will close several crew bases to improve overall operations. The Argentine subsidiary is also not developing as well as expected and will have a few more months to improve capacity utilization and sales. Otherwise it would be shut down. 90 ordered aircraft of the Airbus A320neo family (on behalf of the Norwegian leasing company Arctic Aviation Assets) were also offered for sale.


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