Tag Archives: Norwegian language

Planes Forced To Change Destination Due To Ash Treath

Two aircrafts on route from Cyprus to Gothenburg Airport in Sweden and had to make a last minute change of destination because they were not safe enough for high levels of volcano ash in the air.

“The aircrafts are now undergoing an extended check before they will be ready for departure back to Cyprus later this afternoon and tonight.”

Lena S. Petersson


The ash levels are divided into three categories; the planes were only cleared for level one, while the airspace around  Gothenburg and at the airport, is located at level two, the Norwegian web site dagbladet.no reports.

The two planes had to make landings in another Swedish airport, Örebro, where they’re now are undergoing maintenance.

“It was not possible to fly to the airport at Gothenburg, so the planes landed in Örebro. This was a planned diversion, which was settled last night,” Lena S. Petersson, communications director of Star Tour, says to the Norwegian news paper Dagbladet.

The aircrafts are now on the ground for an extended technical checks that have become a  routine because of the high ash levels in the air, the news paper writes on its web site.

Reported Ash In Engines

It was initially reported by the tour operator Star Tour that it was found ash in all engines.

But now the tour operators communication director say that this has not been confirmed.

“It was only a matter of if there was ash in the engines,or not, but it has not been proved by our people in Örebro. The aircraft is undergoing an extended check before they are ready for departure back to Cyprus later this afternoon and tonight, “ Petersson says.

It is the first time Star Tour experience ash problems after air travel began to work more normally.

Still, the incident raises more questions about the safety of air travel under these conditions.

Related by the Econotwist:

Ash Clouds: Chaos At Norwegian Airports (Update)

Threat To Air Travel From Icelandic Volcanos Still Troubling

Volcano Ash Can Send The Earth Into “Deep Freeze”

Stunning Volcano Pictures

Iceland: New Eruption – More Ash

Volcano Ash Can Send The Earth Into “Deep Freeze”

“Mini Ice Age” Underway?

As Climate War Intensifies, So Does Extreme Weather

When Will God Destroy Our Money?


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A Helluva Ride

This one of those great  days when I get the opportunity to say; I told you so. The Norwegian solar company REC, who yesterday claimed a new groundbreaking technology at the U.S. Moses Lake plant, got a helluva ride at Oslo Stock Exchange Wednesday. Someone even throve in a law suit.

“The existing plant has a recurrent history of violations of licenses, chemical spills, fires and accidents.”

Victor C. Jansen


After jumping more than 8% in the last minute of trading, Tuesday, the  REC shares continued to rally when the stock market opened in Oslo Wednesday morning. But only for a few minutes more. Then the share price nose dived, and a group called  “RECisExceptional” announced that they’re filing a law suit against the company.

As I wrote in yesterdays comment: “This can go either way, and the move can be big.”

REC went from NOK 23,6 to NOK 25,6 yesterday, gained another few percent Wednesday morning, before it turned down to 23,6 again and finally ended with a loss of 7,24% at NOK 23,81.

That’s a spread in the neighborhood of 20% – and the kind off moves that makes money.

I would not be surprised if a few day traders popped a bottle of champagne tonight.

REC obviously failed to impress the analysts with its grand announcement Tuesday afternoon.

They’re still worried about the companies fast growing debt, and still no reassuring prospect of future income.

But to make the day even more entertaining, a group that calls themself “RECisExeptional” made a public statement that says they are filing a law suit against the company.  The U.S. company REC Silicon, that is.

The lawsuit has been submitted to the District Court of Spokane, the Puget Sound Business Journal report.

The group, led by real estate investor Victor C. Jansen, believes that the existing plant has a recurrent history of violations of licenses, chemical spills, fires and accidents.”

In addition, Jansen says that the expansion has been approved without environmental permits.

The group want to halt RECs expansion.

Related by the Econotwist:

Norwegian REC Claim Ground-Breaking Technology

Follow the stock here.

Check out the option action for tomorrow here.

Here’s some of the market presentation material.

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Norway Economic Update – "Partly Grim"

The Norwegian Bureau of Statistics (SSB) released Thursday their latest update on the nations economy. According to SSB, Norway‘s economic health stabilized in the last three months of 2009, and the development has changed from “negative” to “neutral“. But the bureau states in their “Business tendency survey” that the prospects for producers of capital goods are “grim”.

“Norwegian industrial managers report a mixed development within manufacturing. Some sectors experienced an increase in demand due to higher consumption, while others suffered the consequences of a lack of new orders for ships, boats and oil platforms.”

Statistics Norway


According to the business tendency survey, the Norwegian manufacturing industry experienced a further decline in output and employment in the fourth quarter of 2009. However, the fall was not as strong as recorded in previous surveys. Improved conditions for producers of intermediate goods and consumer goods was the reason for this development. However, the recovery has not been sufficient to increase the demand for labour within these sectors, SSB writes.

The highlights are as follows:

* Expectations of improved demand for intermediate goods

* Grim prospects for producers of capital goods

* Higher production of consumer goods

Here’s a summary of the survey in English.

The Norwegian economic obstacles:

The historic economic barometer:


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