Norwegian requests the same support as SAS
Now that the Swedish and Danish authorities have come up with a substantial rescue package for SAS, in the form of liquidity, that makes it much easier for Norway's largest competitor to get through this crisis," says CEO Jacob Norwegian Schram.
Norwegians shareholders agree to the crisis plan
An overwhelming majority of Norwegians' shareholders have voted in favor of the group management's rescue plan, which will prevent the company from going bankrupt.
The...
Airlines on the edge fear repayments
The airlines are at risk of losing everything after canceled flights and demands from millions of travelers to get money back, IATA says.
The International...
Comprehensive package of measures for Norwegian aviation: 6 billion in loan guarantee
The measures will help companies to gain access to financing in the market. The parties also agree to ensure a minimum level of flight offer in Norway.
Norwegian will convert debt into equity
The Norwegian Board of Directors will, through a number of measures, strengthen the company's balance sheet and fulfill the Norwegian authorities' terms in Trades...
Lufthansa shuts down Germanwings
Lufthansa is closing down low-cost airline Germanwings to cut costs and survive the corona crisis.
- Germanwings flights will not continue. The consequences of this...
Norwegian asks creditors for delay
Norwegian Airlines asks creditors to defer interest and repayment on loans until June 30 to meet state requirements before disbursement of relief package funds.
The...
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...
Avinor has lost a billion in revenue
So far in March, Avinor has seen a decline in revenue of 68 per cent compared to the same time last year, and the loss of revenue has already passed a billion NOK.
