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
Jan-Hendrik is aviation enthusiasts from southern Germany, loves to travel the world and fly on as many planes as possible. His first flight was with a Condor 757 to Spain and has been in aviation ever since. He is most interested in aircraft deliveries and passenger experience (PaxEx).