Norwegian Air Shuttle files for bankruptcy protection

AFP

2020/11/19 | 599 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Norwegian Air Shuttle files for bankruptcy protection © Norwegian

Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a financial restructuring.Already saddled in debt before the pandemic, the company, like the rest of the airline industry, has been hit hard by the restrictions aimed at limiting the spread of the new coronavirus.Europe's third-biggest low-cost airline suffered a devastating b...(…)

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