UPDATE 1-Norwegian Air CEO steps down, sees 737 MAX flying in Oct
By Editor - Thu Jul 11, 12:48 am
Norwegian Air’s Bjoern Kjos stepped down on Thursday as chief executive of the budget airline he co-founded. Kjos, a former fighter pilot, helped to build a tiny Norwegian airline housed in pre-fabricated barracks on the edge of Oslo airport into Europe’s third-biggest budget carrier by passenger numbers. The airline has shaken up the long-haul market with cut-price transatlantic fares, but its rapid expansion has left it with hefty losses and high debts and it had to raise 3 billion crowns ($350 million) from shareholders earlier this year.
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