TUI signs German bridge loan
KFW and TUI AG confirm the signing of a € 1.8 billion government bridge loan. The loan is guaranteed by the German federal government...
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...
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...
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...
Companies with a revenue drop of 30 percent or more receive cash support
This has been the main focus for NHO Reiseliv in the last couple of weeks, and we are pleased that daily and close cooperation...
Norwegian Air founder reducing shareholdings
A flagship announcement to the Oslo Stock Exchange on Tuesday shows that former Norwegian CEO Bjørn Kjos, his family and business partner Bjørn Kise...
Losing 250 million Kroner a month
Petter Stordalen's hotels have major problems related to the corona epidemic. The tourism magnate fears full collapse.
Stordalen's hotels lose NOK 250 million a month...
Cruise losses in the billions
Cruise traffic has stopped completely. As a result, Norwegian ports miss out on almost four million visits - with similar financial consequences for local...
Travel industry in emergency money shortage
Corona-canceled travel means that the Norwegian travel industry owes its customers a considerable amount. The deadline for payment within 14 days is not possible...
Scandic needs NOK 1.6 billion
Low occupancy for several months to come means that the Scandic hotel chain has a financing need of around NOK 1.6 billion.
Corona crisis, Scandic...
