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Norwegian Air founder reducing shareholdings

by April 3, 2020 0

A flagship announcement to the Oslo Stock Exchange on Tuesday shows that former Norwegian CEO Bjørn Kjos, his family and business partner Bjørn Kise are reducing their share holdings in the company.

According to Dagens Næringsliv, Kjos and Kise’s company HBK Holding is downsizing to a 4.46 percent ownership interest in the airline...

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Losing 250 million Kroner a month

by March 30, 2020 0

Petter Stordalen’s hotels have major problems related to the corona epidemic. The tourism magnate fears full collapse.

Stordalen’s hotels lose NOK 250 million a month and have ten billion in debt, writes Dagens Næringsliv.

The entire travel industry is struggling with few bookings due to travel restrictions during the corona crisis. Now Stordalen admits that the...

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Cruise losses in the billions

by March 30, 2020 0

Cruise traffic has stopped completely. As a result, Norwegian ports miss out on almost four million visits – with similar financial consequences for local tourism operators.

It’s been two weeks since the last cruise ship docked in Norway. When it comes next, nobody knows. Border control during the corona epidemic makes it practically impossible for...

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