As Norwegian Air, which plunged into bankruptcy near the beginning of the pandemic, is still selling off assets connected to its trans-Atlantic operations while growing in its role as a Scandinavian budget airline.
The airline has gone back to its origins, shuttling passengers around its region, so no longer needs the take-off and landing slots it had accumulated at a number of airports around Europe; with air travel reviving, the unused slots have become a valuable resource for airlines that are growing.
Last November, Norwegian made $22.4 million selling 15 slot pairs at London’s Gatwick to Wizz Air, and is now negotiating with both EasyJet and Wizz Air to sell its remaining Gatwick slots.
Meanwhile, Norwegian, which now flies mainly 737s has announced it will be adding 19 more this spring, bringing it up to 70 planes, and says it will add another 15 in each of the next two years. It’s deciding whether they will also be 737s; Norwegian has said it would also consider the A320neo.
