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Norwegian air shuttle sells its shares

The crisis continues for the Oslo airline

Norwegian Air Shuttle, a low-cost Airline, has been experiencing economic hardship for some time and announced today, August 19, its willingness to sell its banking activities. This maneuver will allow her to recover 222 million euros.
Geir Karlsen, managing director of the carrier, said: "The sale of 17.47% of Norwegian Finns Holding (NOFI) shares to Nordic financial groups is part of the strategy to strengthen our core business in air transport and focus on the transition to profitability growth ".

While in 2016 the Company carried over 30 million people and in the same year it ranked first among Scandinavia's airlines and eighth European company, in 2017 it began to suffer the crisis that reached its climax with the stop of Boeing 737-MAX (see AVIONEWS ).

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