Norwegian Air’s CEO Bjoern Kjos stepped down on Thursday as chief executive of the airline he co-founded and turned into Europe’s third-biggest budget carrier by passenger numbers.
He will have a new role as an adviser to the chairman.
The airline also said it expected its 18 grounded Boeing 737 MAX aircraft to return to service in October, compared with its previous view that they would return to service in August.
The jets have been grounded worldwide since March following two fatal crashes and Norwegian Air has said the disruption could scupper its plans to return to profitability this year.
The airline has shaken up the long-haul market with cut-price transatlantic fares, but its rapid expansion has left it with hefty losses and high debts and it had to raise 3 billion crowns from shareholders earlier this year.
“I am way overdue,” Kjos, 72, laughing, told a news conference, announcing his plans to quit the top job. A former fighter pilot, Kjos helped to expand what was a tiny Norwegian airline housed in pre-fabricated barracks on the edge of Oslo airport.
.
Via Reuters
The Metropolitan Police has begun a criminal investigation into Peter Mandelson. He is a former Labour minister and ex-UK ambassador to the US. This follows allegations of misconduct in ...
Maltese citizens remain overwhelmingly positive about European Union membership, a Eurobarometer survey has found.
71% of respondents described EU membership as a good thing, a notabl...
Morning Briefing
PM Defends Storm Fund Eligibility Despite Planning Irregularities
Prime Minister Robert Abela said businesses with planning or permitting irregularities would stil...
Updated 1230
Free Childcare Lifted Incomes but Pushed Poverty Line Higher, Central Bank Finds: Free childcare has driven a surge in female employment and household incomes since 2014,...
The rising cost of living has emerged as the major issue that Maltese citizens want the European Parliament to address, according to the latest Eurobarometer survey published today.
T...
Updated 1300
The European Parliament dedicated a special plenary session marking the International Holocaust Remembrance Day and the liberation of the Auschwitz-Birkenau concentration...
Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman...
Italy’s unemployment rate fell to 5.6% in December, marking the lowest level recorded since the start of comparable data in 2004, according to provisional figures released by the nationa...
Vivian continues to widen its portfolio with the announcement of new representation agreements with worldwide R&D pharmaceutical companies. “These latest agreements crown a very succ...
Two local analysts have cautioned that any attempt by EU Member States to block or restrict the passporting of crypto-asset service providers (CASPs) authorised under the Markets in...
Employers are increasingly realising the benefits of incorporating environmental, social and governance (ESG) considerations into their business strategies as opposed to treating ESG as ...
Vivian has entered into a distribution agreement with worldwide R&D pharmaceutical company Novartis Pharma Services AG, a move that continues to reflect Vivian’s established reputati...
A US stealth warplane has shot down an Iranian drone that approached an American aircraft carrier in the Arabian Sea, according to a statement from the US military. The incident occurred...
A significant explosion struck the southern Iranian port city of Bandar Abbas earlier today, sending shockwaves through the region. The initial blast occurred in an eight-storey building...
Venezuela’s interim president, Delcy Rodriguez, has begun shaping her new government following the ouster of Nicolas Maduro. On Monday, Rodriguez appointed several cabinet members. She m...
Venezuela transported gold worth almost 4.14 billion Swiss francs ($5.20 billion) to Switzerland during the early years of the leadership of ousted President Nicolas Maduro, customs data...
KYIV, Ukraine – Ukraine’s energy infrastructure has suffered its most devastating assault of the year, as Russia unleashed a record number of ballistic missiles and drones in a coordinat...
The attacks hitting a miners' bus in Pavlohrad in the Dnipropetrovsk region, and a maternity hospital in Zaporizhzhia, come as Ukraine's president announced trilateral peace talks in the...
