– The company can thus proceed with the two-track process as planned, Norwegian writes in a stock exchange announcement.
Norwegian submitted the petition under the temporary reorganization law that applies until the new year. Lawyer Håvard Wiker has been appointed as reorganiser. The court will shortly appoint members of the creditors’ committee, who will assist the airline during the negotiations.
Norwegian is now trying to save the business through several channels. On Monday, it became known that Irish law has granted bankruptcy protection for two of Norwegian’s subsidiaries in Ireland.
In Tuesday’s ruling, the court points out that …Read More