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 ...

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