The information on this page is intended for journalists, press and media. Click YES to get to the newsroom. If you click NO you will come back to Mynewsdesk.com.
Norwegian has today updated the market on the forthcoming capital raise. The upper limit for raising capital has been increased to NOK 6 billion. The debt will be sharply reduced and in addition aircraft orders amounting to NOK 85 billion have been cancelled.
The Oslo County Court, today approved Norwegian's reconstruction plan in Norway. Reaching this milestone means that both the group's reconstruction processes in Ireland and Norway have now been approved by the courts. The company will now prepare the process of raising new capital.
Norwegian’s traffic figures for March are impacted by weak demand as a result of international government travel restrictions across our key markets.
Norwegian’s reconstruction process in Ireland, called the Examinership, was today approved by the judge in the Irish High Court. Based on this decision, Norwegian will now send the same proposal for voting in Norway. Following this, the company will start the process of raising capital with the goal of a final resolution by the end of May.
Adrian Dunne will join Norwegian as the company’s new EVP Operations. Dunne has more than thirty years of experience as a leader within the aviation industry.
Today, Norwegian’s financial reconstruction plan was sent to its creditors and shareholders. If the plan is approved by the Irish and Norwegian courts in the coming weeks, the company can continue the reconstruction processes and initiate a capital raise in April, targeting completion in May 2021.
Norwegian’s traffic figures for February are strongly influenced by lower demand caused by continued travel restrictions across Europe.
Norwegian today reported its fourth quarter results. As expected, the results were heavily impacted by COVID-19 and travel restrictions in all markets.
The Company is working with the Examiner and the Reconstructor with a view to commencing the legal steps required to implement the proposed Restructuring, including the issuance of a scheme of arrangement by the Examiner as soon as possible, with a view to the Capital Raise commencing in late March/early April, with the subscription period in mid-April and target closing end of April.
Norwegian’s traffic figures for January are heavily influenced by lower demand caused by continued travel restrictions across Europe.
Norwegian Air Shuttle has today published an updated presentation. The presentation is available at; https://newsweb.oslobors.no/message/523220Kind RegardsTore ØstbyEVP Strategic Development and IR, Norwegian Air Shuttle ASAE-mail: tore.ostby@norwegian.comOksenøyveien 3, 1330 Fornebu, NorwayVisit norwegian.com and follow us on Facebook.
Norwegian is pleased to announce that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation.
When you choose to create a user account and follow a newsroom your personal data will be used by us and the owner of the newsroom, for you to receive news and updates according to your subscription settings.
To learn more about this, please read our Privacy Policy Users, which applies to our use of your personal data, and our Privacy Policy Contacts, which applies to the use of your personal data by the owner of the newsroom you follow.
Please note that our Terms of Use apply to all use of our services.
You can withdraw your consent at any time by unsubscribing or deleting your account
Email sent to __email__. Click the link there to follow Norwegian.
