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Financial crunch approaches for Norwegian

Financial crunch approaches for Norwegian

28 April 2020 Airline News

Battered low-cost carrier Norwegian has said virtually all of its fleet will likely remain grounded until 2021. The news comes as the airline seeks to persuade shareholders to accept a government-backed rescue plan that will wipe out most other investors.

Norwegian secures NOK3 billion in government support

Norwegian secures NOK3 billion in government support

24 March 2020 Airline News

The Norwegian government last week proposed a guarantee of NOK6 billion for the Norwegian airline industry, of which up to NOK3 billion is directed to Norwegian. The guarantee scheme will consist of three tranches with a maximum two years maturity.

Norway offers bailouts to domestic airlines

Norway offers bailouts to domestic airlines

20 March 2020 Airline News

The government of Norway has moved to support the flatlining aviation sector in the country, offering more than US$550 million in bailout funds. Some US$250 million will be directed at embattled budget operator Norwegian.