Norwegian Fulfills Criteria For Initial $27 Million In Government Guarantees | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-12.01.25

AirborneNextGen-
11.18.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Wed, Mar 25, 2020

Norwegian Fulfills Criteria For Initial $27 Million In Government Guarantees

Most Of The Airline's  Fleet Remains Grounded

Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a guarantee for the required 10 percent for the first tranche of NOK 300 million ($27 million). Norwegian will secure the necessary headroom to pursue further guarantees from the Norwegian Government.

On Thursday, March 19, the Norwegian Government proposed a guarantee of NOK 6 billion for the Norwegian airline industry, of which up to NOK 3 billion is directed to Norwegian. The guarantee will be up to 90 percent from the Norwegian Government provided that financial institutions contribute with the remaining 10 percent. The guarantee scheme will consist of three tranches with a maximum two years maturity.

Since Thursday evening Norwegian has worked with banks and financial institutions and is pleased to announce that two Nordic banks have obtained credit committee approval to contribute with the 10 percent required in guarantee for Tranche I and to provide the NOK 300 million in financing backed by the guarantee from the Norwegian Government. The Company is working with the banks and the Norwegian Export Credit Guarantee Agency (“GIEK”), who will administrate the guarantee scheme, on the documentation in order to obtain the NOK 300 million in liquidity as soon as possible.

The Company is now working with GIEK and the Ministry of Trade, Industry and Fisheries to clarify the criteria and terms related to the remaining tranches under the scheme and to obtain further guarantees from financial institutions in order to back such remaining tranches. Norwegian will update the market with its further plan of action and implications for its stakeholders as soon as the criteria and terms have been finalized. The Government guarantee scheme is crucial for the Company as the current state of the capital markets in combination with the challenging times for the airline industry limit the options available. The first NOK 300 million will create necessary headroom to pursue the remaining tranches of the guarantee scheme.

Currently, most of the fleet is grounded and the Company has reduced its operations to a minimum. The Company will now primarily operate domestically in Norway and Sweden and between the Nordic capitals, in order to deliver on its corporate responsibility of maintaining critical infrastructure so that people and necessary goods and medical supplies can be transported during this unprecedented crisis. The limited schedule will remain in place until further notice. In addition, Norwegian has conducted repatriation flights together with the authorities in order to get citizens of Norway, Denmark and Sweden back home.

In order to reduce cost, Norwegian has temporarily laid off approximately 90 percent of its workforce and will continue to implement additional cost measures going forward.

(Source: Norwegian Airlines news release)

FMI: www.norwegian.com

Advertisement

More News

ANN's Daily Aero-Term (11.29.25): Waypoint

Waypoint A predetermined geographical position used for route/instrument approach definition, progress reports, published VFR routes, visual reporting points or points for transiti>[...]

ANN's Daily Aero-Linx (11.29.25)

Aero Linx: Sentimental Journey to Cub Haven Sentimental Journey Flyin began in 1986 with a group of dedicated volunteers working to provide a sentimental return to Lock Haven, the >[...]

NTSB Prelim: Jabiru USA Sport Aircraft LLC J230-SP

The Pilot Would Often Fly Over Their House At A Low Altitude And That Family Members Would Go Outside To Wave On November 14, 2025, at 1708 eastern standard time, a Jabiru USA Spor>[...]

Classic Aero-TV: Crafting The Future of eVTOL Infrastructure

From 2024 (YouTube Edition): Volatus Infrastructure Paves The Way The name “Volatus” seems to be everywhere these days, popping up in a series of partnerships and proje>[...]

Klyde Morris (11.28.25)

Fortnite Conquers All, Klyde FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC


Debugging Information
ColdFusion Server Enterprise 2023,0,16,330828
Template /index.cfm
Time Stamp 02-Dec-25 07:26 AM
Locale English (US)
User Agent Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
Remote IP 10.0.20.1
Host Name 10.0.20.1


Execution Time

Total Time Avg Time Count Template
73 ms 73 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/parsed/main.textpost.cfm
73 ms 73 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequest(/index.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
34 ms 34 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actTextPost.cfm
18 ms 18 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryTextPost.cfm
10 ms 10 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequestStart(/index.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
5 ms 5 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actWidgets.cfm
3 ms 3 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/fusebox.init.cfm
3 ms 3 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspBannerAds.cfm
3 ms 3 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspWidgets.cfm
2 ms 2 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | compileRequest(main.textpost, CFC: fckeditor.fb551.fusebox5.myFusebox) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryAnnouncements.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryNewscats.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryWidVideo.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/display/dspTextPost.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/layAnnNew.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_234BannerZone.cfm
1 ms 1 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | init(fusebox, [complex value], [complex value]) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/CustomTags/bph/QuerySim.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/cftags/sharelinks.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/comments/actDisqus.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actFooter.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryAudio.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/comments/dspDisqus.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/display/dspAnnouncements.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspNewscats.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspSidebar.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_admin.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_flashAd.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_podcasts.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_search.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_today.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_topvideos.cfm
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequestEnd(/index.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onSessionStart() ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
0 ms 0 ms 13 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc | RandomNumber() ] from C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc | tagstripper(<h2>Most Of The Airline's&nbsp; Fleet Remains Grounded</h2>

Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a guarantee for the required 10 percent for the first tranche of NOK 300 million ($27 million). Norwegian will secure the necessary headroom to pursue further guarantees from the Norwegian Government.

) ] from C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxAction.cfc | getAccess() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxAction.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | expandFuseboxPath(parsed/) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 2 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | getCoreToAppRootPath() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | getVersion() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxEvent.cfc | init([complex value], [complex value], CFC: fckeditor.fb551.fusebox5.myFusebox) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxEvent.cfc
0 ms 0 ms 2 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | getMyself() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | getSelf() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | trace(Fusebox, Request completed) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
6 ms  STARTUP, PARSING, COMPILING, LOADING, & SHUTDOWN
89 ms  TOTAL EXECUTION TIME
red = over 250 ms average execution time


SQL Queries

post (Datasource=AeroNews, Time=17ms, Records=1) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryTextPost.cfm @ 07:26:32.032
SELECT
	cb.ContentBlockID as id,
	cb.ContentBlockName as title,
	cb.Display,
	ct.DisplayTemplate,
	cb.HTMLContent as description,
	cb.ForumCode,
	cb.Icon,
	convert(varchar(20), cb.Display, 111) AS GroupDate,
	t.TeaserText as teaser,
	cb.SortOrder
FROM
	vwContentBlock cb INNER JOIN ContentType ct
	ON cb.ContentTypeCode = ct.ContentTypeCode
	LEFT OUTER JOIN Teaser t
	ON cb.ContentBlockID = t.ContentBlockID AND t.TeaserType <> 'L'
WHERE
	cb.ContentBlockID = ?
	AND Status IN ('60','80') AND (Display <{ts '2025-12-02 07:26:32'} OR Display IS NULL)
Query Parameter Value(s) -
Parameter #1(CF_SQL_varchar) = 32a6e007-bfbf-4a30-ac6c-f6bbfb0d309c

GetAnnouncements (Datasource=AeroNews, Time=0ms, Records=1, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryAnnouncements.cfm @ 07:26:32.032
SELECT HTMLContent
FROM ContentBlockLive
WHERE ContentBlockKey = 'ANNOUNCE' 
	AND Status = 60 
	AND ((Display <{ts '2025-12-02 07:00:00'} OR Display IS NULL) 
	AND (Expire > {ts '2025-12-02 07:00:00'} OR Expire IS NULL))
qryAudio (Datasource=AeroNews, Time=0ms, Records=0, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryAudio.cfm @ 07:26:32.032
SELECT NewID() as id,
	CAST(episodesid AS VARCHAR(38)) as myid,
	title,
	CAST(subtitle  AS Varchar(800)) as teaser, 
	CAST(summary AS Varchar(2000)) as description,
	ApprovedDate as published,
	episodefile as filelocation, 
	podcastsid as categoryid,
	CAST('audio' AS char(8)) as mytype,
	ApprovedDate as GroupDate,
	SPACE(2) AS previewimage,
	0 AS sortorder
FROM episodes
	WHERE Approved = 1 
		
	AND ApprovedDate <{ts '2025-12-02 07:00:00'} ANd ApprovedDate > {ts '2025-11-28 07:00:00'} 

Order By published DESC, sortorder DESC
qryWidVideo (Datasource=AeroNews, Time=0ms, Records=3, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryWidVideo.cfm @ 07:26:32.032
SELECT TOP 3
videoId as id, 
	convert(varchar(38), videoId) as myid, 
	title, 
	CAST(description AS Varchar(2000)) as description, 
	Cast(teaser AS Varchar(800))as teaser,
	published,
	filelocation, 
	categoryid,
	CAST('video' AS char(8)) as mytype,
	published as GroupDate,
	previewimage,
	0 AS sortorder
	
FROM Videos
WHERE active = 1 AND approved = 1 AND published <{ts '2025-12-02 07:00:00'} 
ORDER BY published DESC
widgetsorted (Datasource=, Time=3ms, Records=6) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\actWidgets.cfm @ 07:26:32.032
SELECT *
	FROM qryWidgets
	WHERE wname IN('flashAd','today','search','podcasts','topvideos','adsection234')
	ORDER By sortorder
NewsCategories (Datasource=AeroNews, Time=0ms, Records=7, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryNewscats.cfm @ 07:26:32.032
SELECT 
			ContentTypeName, ContentTypeCode
		FROM ContentType 
		WHERE CategoryCode = 'NEWS' AND CONTENTTYPECODE <> 'ATRVNW'
		ORDER BY ContentTypeName
NewsCategories2 (Datasource=AeroNews, Time=0ms, Records=8, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryNewscats.cfm @ 07:26:32.032
SELECT 
			ContentTypeName, ContentTypeCode
		FROM ContentType 
		WHERE CategoryCode = 'NEWS'
		ORDER BY ContentTypeName


Scope Variables

CGI Variables:
AUTH_PASSWORD=
AUTH_TYPE=
AUTH_USER=
CERT_COOKIE=
CERT_FLAGS=
CERT_ISSUER=
CERT_KEYSIZE=
CERT_SECRETKEYSIZE=
CERT_SERIALNUMBER=
CERT_SERVER_ISSUER=
CERT_SERVER_SUBJECT=
CERT_SUBJECT=
CF_TEMPLATE_PATH=C:\inetpub\wwwroot\clients\aero-news.net\index.cfm
CONTENT_LENGTH=0
CONTENT_TYPE=
CONTEXT_PATH=
GATEWAY_INTERFACE=CGI/1.1
HTTPS=off
HTTPS_KEYSIZE=
HTTPS_SECRETKEYSIZE=
HTTPS_SERVER_ISSUER=
HTTPS_SERVER_SUBJECT=
HTTP_ACCEPT=*/*
HTTP_ACCEPT_ENCODING=gzip, br, zstd, deflate
HTTP_ACCEPT_LANGUAGE=
HTTP_CONNECTION=Keep-Alive
HTTP_COOKIE=
HTTP_HOST=www.aero-news.net
HTTP_REFERER=http://www.aero-news.net/index.cfm?do=main.textpost&id=32a6e007-bfbf-4a30-ac6c-f6bbfb0d309c
HTTP_URL=/index.cfm?do=main.textpost&id=32a6e007-bfbf-4a30-ac6c-f6bbfb0d309c
HTTP_USER_AGENT=Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
LOCAL_ADDR=10.0.20.10
PATH_INFO=
PATH_TRANSLATED=C:\inetpub\wwwroot\clients\aero-news.net\index.cfm
QUERY_STRING=do=main.textpost&id=32a6e007-bfbf-4a30-ac6c-f6bbfb0d309c
REMOTE_ADDR=10.0.20.1
REMOTE_HOST=10.0.20.1
REMOTE_USER=
REQUEST_METHOD=GET
SCRIPT_NAME=/index.cfm
SERVER_NAME=www.aero-news.net
SERVER_PORT=80
SERVER_PORT_SECURE=0
SERVER_PROTOCOL=HTTP/1.1
SERVER_SOFTWARE=Microsoft-IIS/10.0
WEB_SERVER_API=
Cookie Variables:
CFID=5171147
CFTOKEN=3a9d820c5645a987-B645EF68-0794-842B-4DBFEBD6D226D0C7
Session Variables:
sessionid=6C6BBA85BC4D123E4ABE9F2FD4BBF954.cfusion
urltoken=CFID=5171147&CFTOKEN=3a9d820c5645a987-B645EF68-0794-842B-4DBFEBD6D226D0C7&jsessionid=6C6BBA85BC4D123E4ABE9F2FD4BBF954.cfusion
URL Parameters:
do=main.textpost
id=32a6e007-bfbf-4a30-ac6c-f6bbfb0d309c
Debug Rendering Time: 28 ms