Norwegian Air appoints industry outsider as new CEO to lead restructuring

OSLO (Reuters) - Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's 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 management consulting company McKinsey and was previously a top executive in the petrol retail industry, Norwegian's board said on Wednesday. He replaces Bjoern Kjos, Norwegian's founder who stepped down in..