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
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.
Jan-Hendrik is an aviation enthusiast from southern Germany, who loves to travel the world and fly with as many planes as possible. His first flight was with a Condor 757 to Spain and has since dealt with aviation. He is most interested in aircraft deliveries and passenger experiences (PaxEx).