Norwegian Air Can't Easily Solve Its 737 Max Problem
The grounding of the Boeing jet comes at a difficult time for the budget carrier, whose transatlantic model depends on new-generation planes.
First the 787 Dreamliner, now the 737 Max. Norwegian Air Shuttle hasn't done so well from buying brand new Boeing models.
Photographer: HEIKKI SAUKKOMAA/AFPLuck plays a much greater role in success than successful people often acknowledge, and the same applies to business.
Norwegian Air Shuttle ASA, which like its peers has been forced to ground its 18-strong fleet of 737 Max planes following Sunday’s tragedy in Ethiopia, could certainly use some serendipity. While corporate fortunes seem unimportant when you’re talking about a large number of deaths, this isn’t the first time the cash-strapped airline’s flight schedules have been upturned for reasons beyond its control. And there’s a common thread that connects its recent troubles: A fondness for buying new planes.