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Norwegian Air

Norwegian Air expects $840mn cash position post capital hike
Business & Finance

Norwegian Air expects $840mn cash position post capital hike

  • The cash will come from a mix of perpetual bonds and equity, with the new shares sold at only 6.26 crowns each, a steep discount to the 55.25 crowns it trades at in Oslo.
  • The airline said it expects total liabilities to be around 16 billion to 18 billion Norwegian crowns, of which about a third is aircraft-related debt, after the process is completed.
Published 03 May, 2021 07:39pm
Norway plans Norwegian Air loan in extra pandemic spending plan
Business & Finance

Norway plans Norwegian Air loan in extra pandemic spending plan

  • Norways's government said last week it would back Norwegian , which aims to emerge from court-ordered bankruptcy protection as a slimmed-down carrier focused primarily on the Nordic region.
  • The government said on Friday the amount earmarked for the airline was in line with what Norwegian had asked for.
Published 29 Jan, 2021 05:25pm
Irish court grants extension to Norwegian Air's debt restructuring
World

Irish court grants extension to Norwegian Air's debt restructuring

  • The extension to Feb. 25 was granted after a lawyer representing the Irish examiner told the court that the examiner believed the budget carrier had a reasonable prospect of survival.
  • I will grant that application and extend the time for reporting... to the 25th of February.
Published 22 Jan, 2021 07:18pm