Norwegian Air Shuttle is a Norwegian low-cost carrier founded in 1993 and headquartered in Fornebu, Norway. It operates under the IATA code DY and is one of Europe's largest budget airlines, known for pioneering affordable transatlantic routes. The airline expanded aggressively during the 2010s, launching long-haul flights to North America, the Caribbean, and Asia using Boeing 787 Dreamliners. However, financial difficulties and the COVID-19 pandemic forced a major restructuring in 2020–2021, leading Norwegian to exit long-haul operations and refocus on short-haul European routes. Post-restructuring, Norwegian operates a leaner, point-to-point network primarily within Europe and Scandinavia, competing directly with Ryanair and easyJet while maintaining its reputation for competitive fares and in-flight Wi-Fi offerings.