This acquisition may signal Norwegian's strategy to diversify its revenue streams and expand its presence in the leisure travel market. The move could indicate a shift in the low-cost carrier's business model, potentially leading to increased competition in the hotel and leisure sector.
Low-Cost Carrier Expands Into Hotel And Leisure Sector
Norwegian is entering the hotel and leisure sector through a significant acquisition, purchasing Nordic Leisure Travel Group for $840 million. The deal includes Sunclass Airlines, an all-Airbus charter operator with A330neos in its fleet. Norwegian hopes to drive growth by combining its operations with those of the acquired company. This move was reported by Aviation Week.
This acquisition may signal Norwegian's strategy to diversify its revenue streams and expand its presence in the leisure travel market. The move could indicate a shift in the low-cost carrier's business model, potentially leading to increased competition in the hotel and leisure sector.
Low-Cost Carrier Expands Into Hotel And Leisure Sector
Norwegian is entering the hotel and leisure sector through a significant acquisition, purchasing Nordic Leisure Travel Group for $840 million. The deal includes Sunclass Airlines, an all-Airbus charter operator with A330neos in its fleet. Norwegian hopes to drive growth by combining its operations with those of the acquired company. This move was reported by Aviation Week.