Scandinavian LCC Norwegian Air Shuttle has promoted its chief financial officer Geir Karlsen to the post of deputy CEO, just a year after he joined the airline.
The move comes at a defining moment in the development of Norwegian, which has pledged to cut costs and grow more sustainably and profitably after years of rapid expansion.
Earlier this year, it undertook a rights issue to shore up its balance sheet after British Airways parent IAG, which had taken a stake in Norwegian, said it would not be making a bid for the company…
