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Norwegian Air Shuttle unveils rescue plan
AFP
| 2020/12/03 | 321 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Embattled low-cost carrier Norwegian Air Shuttle on Thursday unveiled the details of its restructuring plan aimed at rescuing it from bankruptcy. Among the measures are a downsizing of its fleet, debt conversion and a rights issue of up to four billion kroner ($453 million, 374.5 million euros).Norwegian, Europe's third-biggest low-cost airline, has called an extraordinary general assembly for December 17 to seek shareholders' approval for the measures."We're in a difficult situation, but w...(…)
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