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21.01.2021 / 14:17

Restructuring Norwegian Air to get government support

COPENHAGEN – Norway’s government said Thursday it will help ailing low-cost carrier Norwegian Air Shuttle - a U-turn from its previous refusal to do so - as long as the company manages to raise 4.5 billion kroner ($529 million) from other investors.Trade Minister Iselin Nyboe said the government is now open to the idea of contributing money to a reconstructed Norwegian Air but expects private investors to pitch in as well.“Norwegian’s new business plan involves strong interventions in the company’s debt structure and the inflow of 4 to 5 billion kroner in fresh capital. The plan appears more robust than the one we said no to in October,” she said.

Norway city Copenhagen pandemic Government Coronavirus

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