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Norwegian CEO Bjørn Kjos declines



A Norwegian Airbus Boeing 737-800. Photo: © Andy Mitchell

Founder and CEO Bjørn Kjos, Norwegian Air Shuttle, will quickly go down, the company has announced.

The 72-year-old Kjos took over as CEO in 2002 and is responsible for rapid expansion in previous years. He transformed the 1993-established Norwegian regional airline into Europe's third largest low-cost airline with subsidiaries in Sweden, the UK, Ireland and Argentina.

At the same time, the struggling operator announced a net profit of $ 9.2 million in the second quarter

Norwegian has raised a debt of over $ 500 million in recent years and has seen two failed takeover bids from British Airways parent IAG (International Airlines Group.

The airline originally only started with short flights in Norway before Kjos took on the role of CEO and transformed Norwegian into a rapidly growing airline. Long-haul flights were started in early 201

3 by flights from Oslo and Stockholm to New York and Bangkok. Norwegian and its various subsidiaries operate a combined fleet of 162 aircraft, most of which are Boeing 737-800 and the current foundation 737 MAX 8 and 36 Boeing 787 Dreamliner aircraft. The Argentine subsidiary does not do as well as expected and has had several months to come Improve load factors and revenue, otherwise it would be shut down. 90 ordered Airbus A320neo family flight (ordered by Norwegian leasing company Arctic Aviation Assets) has also been offered for sale.


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