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Print Download as PDF Corporate Structure

12.03.2010

The Norwegian Group consists of the parent company Norwegian Air Shuttle ASA and the fully-owned subsidiaries Norwegian Air Shuttle Polska Sp.zo.o and Norwegian Air Shuttle Sweden AB. Additionally, Norwegian Air Shuttle ASA owns 100% of the start-up telephone company Call Norwegian AS, 99.9% of NAS Asset Management, 100% of NAS Asset Management Norway AS and 20% of Norwegian Finans Holding ASA (Bank Norwegian AS). NAS Asset Management Norway AS owns the remaining 0.1% in NAS Asset Management.

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Norwegian Air Shuttle ASA (Norway)

Norwegian Air Shuttle ASA is the parent company of the group and is responsible for all flight operations. The head office is at Fornebu outside Oslo. At year-end 2009 the company operated 28 Boeing 737-300s and 18 Boeing 737-800s. 28 aircraft were based in Norway, five in Denmark, five in Sweden and two in Poland. Six aircraft were at year-end inactive for maintenance purposes. 

 

Norwegian Air Shuttle Sweden AB (Sweden)

Norwegian Air Shuttle Sweden AB is based at Arlanda airport outside Stockholm. The company manages pilots and crew on the routes out of Sweden, and has its own sales and marketing organization. Flight operations under the Swedish AOC were discontinued in 2009, and all flight operations of the Group are for efficiency purposes undertaken by the parent company under the Norwegian AOC.

 

Norwegian Air Shuttle Polska Sp.zo.o (Poland)

Norwegian Air Shuttle Polska Sp.zo.o is based in Warsaw, Poland. The company manages pilots and crew on the routes out of Poland, and has its own sales and marketing organization. Flights out of Poland are operated by the parent company.

 

Call Norwegian AS (Norway)

The fully-owned subsidiary Call Norwegian AS was established in January 2008 and commercialized in the fourth quarter of 2008. The company provides Internet access at major airports served by Norwegian. There are plans to offer products such as Internet access in the air in partnership with the airline.

 

Norwegian Finans Holding ASA (Norway)

Norwegian Air Shuttle ASA owns 20% 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.

 

NAS Asset Management Norway AS (Norway)

NAS Asset Management Norway AS is a Special Purpose Vehicle (SPV) registered in Norway. The subsidiary was established for aircraft financing purposes.

 

NAS Asset Management (Ireland)

NAS Asset Management is a Special Purpose Vehicle (SPV) registered in Ireland. The subsidiary was established for aircraft financing purposes.