Norwegian Air seeks bankruptcy protection, to restructure

The latest news from around the aviation world.

Norwegian Air seeks bankruptcy protection, to restructure

Postby Greg on Thu Nov 19, 2020 10:38 am

Norwegian Air Shuttle AS A filed for bankruptcy protection for two of its core units, marking Europe’s biggest airline casualty yet from the pandemic.

The airline placed the units, including the business that owns and finances almost its entire fleet of aircraft, into examinership in Ireland, an insolvency process that allows a company to restructure its debts and assets over five months.

WSJ
User avatar
Greg
Site Administrator
 
Posts: 3280
Joined: Tue Jan 01, 2008 7:18 pm
Location: DFW
Country: United States (us)

Return to Aviation News

Who is online

Users browsing this forum: No registered users and 7 guests

ADVERTISEMENTS



cron