The Norwegian Group consists of the parent company Norwegian Air Shuttle ASA and its directly or indirectly fully-owned subsidiaries in Norway, Sweden, Denmark, Finland, Ireland and Singapore. In 2014, the Group reorganized its operations in several new entities, to ensure international growth and necessary traffic rights. A key consideration has been to build a structure which maintains Norwegian’s flexibility and adaptability when growing and entering into new markets. The Group’s operations are separated into a commercial airline group with the appropriate AOC’s (Air Operator’s Certificate), an asset group, a resource group and other activities including brand and marketing.
Norwegian Air Shuttle ASA (Norway)
Norwegian Air Shuttle ASA is the parent company of the group. The head office is at Fornebu outside Oslo.
The Group´s commercial airline activities are organized in the parent company Norwegian Air Shuttle ASA, the fully owned subsidiaries Norwegian Air International Ltd. and Norwegian Air Norway AS. The former is based in Dublin, Ireland and the latter at Fornebu outside Oslo. Norwegian Air Norway AS operates routes from Scandinavian bases, while Norwegian Air Shuttle ASA operates flights from the following bases: London Gatwick, Helsinki, Madrid, Barcelona, Malaga, Alicante, Las Palmas, Tenerife, Bangkok, New York and Fort Lauderdale.
The Group´s asset companies are organized in a group of subsidiaries, based in Dublin, Ireland, where Arctic Aviation Asset Ltd (previously September Aviation Assets Ltd) is the parent company. Aircraft leases and ownership have been transferred to the Asset Group.
In line with legal developments in Europe, fully owned country-specific resource companies are in the process of being established, with the intention of offering permanent local employment.
Other Business areas
Norwegian Brand Ltd (Dublin, Ireland) was established in 2013, with the intention of maintaining the Groups brand and marketing activities.
Norwegian Cargo AS (Fornebu, Norway) was established in April 2013, and is carrying out the Groups commercial cargo activities. Norwegian Air Shuttle ASA has 65% ownership.
Norwegian Holidays AS (Fornebu, Norway) was established in 2013 and provides the new business area of Holiday packages to customers in the end market through the Group web booking.
Norwegian Finans Holding ASA (Norway)
Norwegian Air Shuttle ASA owns 20 percent of the shares in the online bank Bank Norwegian AS through the associated company Norwegian Finans Holding ASA. The airline’s loyalty program Norwegian Reward is run in cooperation with the bank.