Norwegian Air sells Argentinian subsidiary to JetSMART

Loss-making budget airline Norwegian Air said on Wednesday it is selling its Argentinian subsidiary Norwegian Air Argentina (NAA) to JetSMART Airlines for an undisclosed sum. JetSMART will assume the NAA operation with immediate effect, the firm said in a statement. "Attaining satisfactory profitability for a relatively small domestic operation has proved difficult to achieve, given the overall situation in the country," Norwegian Air's acting Chief Executive Geir Karlsen said.… (www.yahoo.com) More...