“We have negotiated with 30-40 large banks and several thousand creditors” he was quoted as saying. travelers for its cheap transatlantic flights connecting all over Europe. The government put several conditions for participating in the Norwegian airline’s restructuring, including that the Oslo-based company must get new capital from private investors.Ĭhief Financial Officer Geir Karlsen told Norwegian news agency NTB that the last year, and especially the past six months, had been intense. JanuIn sad news for budget travelers everywhere, low-cost carrier Norwegian Air Shuttle, beloved by U.S. ![]() In January, the government in Oslo gave another a 1.5 billion kroner ($180 million) in loans as long as the ailing company raised at least 4.5 billion kroner from other investors. In May 2020, the carrier got 3 billion kroner ($361 million) in loan guarantees from the Norwegian government as part of a restructuring plan. Norwegians fleet is easily recognisable due to its unique airline livery of tail fin heroes. It was founded 1993 and is part of the Airlines for. The airline, whose fleet were mostly grounded as the pandemic has caused a near-total halt to global travel, also terminated aircraft orders with Boeing and Airbus, worth approximately 85 billion ($10.2 billion) in aggregated value. On May 26, 2021, Norwegian Air Shuttle announced that it has successfully emerged from the Examinership and the Reconstruction. Norwegians fleet consists of 737s, A320s and 787-9 Dreamliners. Norwegian Air Shuttle is a low-cost European airline with headquarters located in Fornebu, Norway. ![]() Plus, there are no blackout dates or restrictions. Stock analysis for Norwegian Air Shuttle ASA (NAS:Oslo) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The courts, which had approved the plan, demanded that the airline raise at least 4.5 billion kroner ($541 million) as part of a program to emerge from bankruptcy protection in the two countries which happened Wednesday. You can spend your gift card on flights to any of Norwegian’s destinations, paying either partially or in full.
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