Loss-making Norwegian Air appoints new CEO to lead restructuring
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OSLO (Reuters) - Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's ongoing restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry. Schram, who does not have a background in aviation, joins Norwegian from McKinsey, where he worked as an advisor, Norwegian's board said on Wednesday. He replaces Bjoern Kjos, Norwegian's founder who stepped down in July after building the carrier into Europe's..