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Ireland,Norway,United Kingdom,United States : NORWEGIAN AIR invests $465 million to its IRELAND base
Publish Date : 21-Apr-2014
Scandinavian airline, Norwegian Air has stuffed a total of $465 million into its Ireland-based international operations to launch services from London to the US.
The cash investment is split between 2 Dublin firms, Norwegian Air International and Arctic Aviation Assets.
Aviation unions in the US have been waging an offensive in an effort to block Norwegian from operating its low-cost service to America. They claim that Norwegian is basing its service in Ireland to circumvent labour laws, which is something Norwegian has vehemently denied.
Norwegian Air Shuttle, the parent firm of Norwegian Air International, injected $38 million into Arctic Aviation Assets this year.
In December, it pumped $268.1 million into Arctic, and in September it put $43 million into the business.
Norwegian Air Shuttle has also put another $116 million into Norwegian Air International.
Norwegian Air International doesn't offer services from Ireland, but is using its base to avail of EU air traffic rights. The unit's aircraft are registered in Ireland. The airline employs about 40 staff at an office near Dublin Airport and intends to hire more.
Norwegian Air International's fleet will double to around 45 aircraft. Almost all of the world's top aircraft lessors have offices in Ireland and about half of the world's leased aircraft fleet is managed through companies in Ireland.
Two weeks ago, the US Association of Flight Attendants, the world's largest flight attendant union, called on the US Department of Transportation to seek additional information about Norwegian Air International's employment plans.
