– I do not want to use the Ukrainian word, but they have a challenge.
This is how Hans Jørgen Elnæs in the WinAir describes the drama that has happened around Norway last year.
In 2018, the NOK 2.5 billion airliner lost, following a problem with the Dreamliner plane engines and a dissatisfaction of connecting fuel prices.
– An engine problem caused them to pay money for passengers, rented on planes and their money. cash loss on ticket revenue. When they lost the fuel prices this fall, 2018 became a difficult year for them, saying Elnæs.
The Norwegian plan has been one of the largest airports in Europe.
But for being great you need a lot of planes and no planes are cheap.
With the growth, large debts, which lasted on the 31st billion NOK came last year.
– Growth has given them extraordinary expenses for debt, Elnæs says.
As long as her & # 39; The company made money, they had control of the debts, however deficiency The company did not receive money in the box. This meant that those who were lent to the # 39; The company is becoming weird, says Elnes.
So Norwegian needed to go out on money hunting.
Read also: Financial accounts are included in a Norwegian case
Before Norway ended in money, IAG, a British Airways company, was interested in buying Norwegian.
Norwegian needed to register new money then, without helping a new owner.
A case that will allow the number of sections to be extended.
This means Norwegian is a n; Getting the money they need badly when people get their money. buy new shares, but also means that more people have to share the same company – and that the sections that have a band of the same company; See that their shares reduce value.
A case can be compared to pouring more water into a glass of glass: the value of each section is dried.
You can still get bankrupt
Does a company have a & # 39; Believe if they are now getting three billion bills?
– There's nothing on my radar that says they should go broken, Elnæs said.
– But as in any other company, it is possible, even though there is much to do.
But a few smaller aircrafts have entered into a fast-hit market.
The Wall Street Journal introduced a Norwegian business model "It was ruined"and the next year will show if a & # 39; company.
At the same time, there are several things that speak Norwegian:
The airline has begun to cut savings measures the cost of 3 billion NOK this year.
The case is & # 39; follow under the ad.
That means cuts in routes and centers. The company has a & # 39; emphasizing the unnecessary strongholds of its sales and that it is particularly about reducing the frequency of routes between Spain and northern Europe.
A new company airline is expended, but they also have a " offers great benefit:
"The airline fleet means they are well placed for the future with lower fuel cost expectations and CO₂ fees for many of the competitors," said Elnæs.
Norway also says that they will not grow more in the coming years, but to work to make sure work is stable.
– The case gives them a bow-bow room to make the changes to create a profit. As well as being filled with a war box to influence external effects, such as higher fuel prices.
Can be sold
The problems over the last year have added to the sections worth the fourth of the debt that was worth; on April 27 last year.
In total, the NOK 22.0 billion in the stock market value has declined in a year.
But sales can not take place until the case has given them 3,000 billion NOKs.
What will happen now?
In the constituency case, each shareholder receives two sub-copyrighted rights for each of their respective categories. Subsequent correct is to provide a right of purchase in the & # 39; a shared case, but subdirectory writing can be sold in a specific time to others who wish to buy and participate in the shared case.
Also read: Kjos and Kise sell subwritten rights for 156 million
The HBK investment company, owned by Bjørn Kjos and Chairman of Bjørn Kise Board, currently has 24.66 per cent of the shares in Norway. In addition, Kise has several shares throughout the Sneisungen company.
Kjos and Kise have previously mentioned that they have sold some of their subscription rights, and also announced that they did earlier this week.
Norway's two pins may be of interest to Norway with less ownership of ownership.