Norwegian Air Shuttle's Argentine subsidiary airline has taken the first steps for closure, according to local reports, as the parent company restructures its operations globally.

Tickets sales beyond 28 March 2020 have been removed from the booking system. There is no official word from the carrier and likelihood that it was a  preventive measure against anticipated currency fluctuations in Argentina is low.

With a devalued peso and a new government taking office, the Argentine carrier may be cutting its losses as the current operating environment is not optimal.

Norwegian operates only six routes in the country, so the lost capacity would be picked up easily by other carriers, should it exit.

There is also rumors the airline could be acquired, with JetSMART as the leading candidate.

This news follows the recent closures of long-haul routes by Norwegian Air Shuttle in Stockholm and Copenhagen.