– Norwegian has the opportunity to sell aircraft to a third party and lease them back, and thus free up cash. One should also remember that the strike coming in low season, while the company has cash in the balance sheet, says analyst Dan Togo Jensen at Handelsbanken Capital Markets in Copenhagen Finansavisen.
He does not believe that airlines are going to ask shareholders about money to keep the company in the air, despite a protracted strike can be very costly.
English had a cash balance of around 2 billion at the end of 2014.
Wednesday scaled pilot strike up sharply, and around 650 pilots will be covered by the strike. It has major consequences for air traffic, and Tuesday gave airlines informed that all domestic flights in Wednesday’s Norway, Sweden and Denmark set. Approximately 35,000 customers affected. (© NTB)
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