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Norwegian finalises recapitalisation and secures State aid
The company was on the path to deliver a positive net profit in 2020
Norwegian confirms that the restructuring is completed and that the State loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging. Since the end of 2018, Norwegian has taken significant actions to restructure its operations and return to...
AVIONEWS - World Aeronautical Press Agency