Norwegian receives first 10% of Norwegian aid package
By getting two unnamed banks to provide guarantees of 30 million. NOK Norwegian has secured 300 million. NOK from the Norwegian State’s aid package to the country’s aviation.
The 300 million kr. corresponds to 10% of the maximum amount the Norwegian low-cost carrier can receive or borrow from the Norwegian state, with the national aviation aid packages adopted on 19 March.
The money will secure the airline “the necessary space” to continue to meet the requirements set by the Norwegian state to give the airline access to the next $ 2.7 billion. NOK.
The requirements include, among other things, that Norwegian must secure relief in interest and repayments to its creditors.
Norwegian continues to operate to a very limited extent with a few domestic flights and maintaining routes between the Scandinavian capitals. 90% of the employees are presently layed-off.