Turbulence: Norwegian takes £45m hit from grounding of aircraft

Airline Nor wegian has said the grounding of its B o eing 737 Max fleet will cost it up to 500 million Nor wegian kroner (£45 million). The lowcost carrier stopped operating the planes shor tly after the Ethiopian Airlines disaster in March, which killed 157 people. Norwegian, which has 18 of the aircraft, is rebooking passengers onto other flights and renting alternative aircraft in a bid to maintain as much of its schedule as possible. It reported a Q1 net loss of 1.49 billion kroner (£133m) but said it has reduced costs.