Norwegian Air

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Norwegian grew rapidly as it served routes across Europe and to north and South America, southeast Asia and the Middle East before the Covid-19 pandemic. File photograph: Getty

Budget airline Norwegian Air said it expects to have a cash holding of seven billion crowns (€669.6 million) if it manages to raise the full amount of(...)

 Insolvency specialist Ken Fennell has worked through the ‘dark days’ of the 1980s, the Irish economy’s subsequent Celtic Tiger growth, the financial crash, and now Covid-19. ‘This will play out differently,’ he says.  Photograph: Nick Bradshaw

With signs that the Covid-19 tide may begin receding this year – albeit much later than many hoped six months ago – the Central Bank of Ireland and ot(...)

In 2019, the airline had employed more than 10,000 staff and had operated 20 bases in 11 countries. Photograph: iStock

The High Court has approved a survival plan for the troubled airline Norwegian Air and related companies. In a written decision Mr Justice Michael Q(...)

In March, the High Court approved a restructuring scheme for Norwegian Air and the other Irish-based subsidiaries. Photograph: iStock

The High Court has approved the repudiation of certain contracts which Norwegian Air International and four other Irish-based subsidiaries of its pare(...)

Courts in Oslo and Dublin have recently given their approval for Norwegian to sharply cut its debt by converting it to stock.

Norwegian Air now aims to raise up to 6 billion crowns (€594 million) in fresh capital before emerging from bankruptcy protection next month, more tha(...)

Photograph: iStock

The High Court cleared the way on Friday for Norwegian Air to raise new capital and emerge from bankruptcy protection in the Republic and Norway in Ma(...)

Norwegian Air’s  survival plan puts a definitive end to Norwegian’s long-haul business, leaving a slimmed-down airline focusing on Nordic and European routes. Photograph: iStock

Norwegian Air’s shareholders reportedly voted in favour of the company’s debt restructuring plan on Thursday. The vote, which was reported by busines(...)

Photograph: iStock

Norwegian Air has presented an updated restructuring proposal to creditors in a major step in its plan to slash debt and reduce its fleet to survive t(...)

A lawyer for Norwegian made clear to the court that any repudiation would not impact or prejudge ongoing legal proceedings linked to the contracts in the US.

Norwegian Air expects its dispute with Boeing over the cancellation of orders for 97 aircraft to be decided in US legal proceedings and not as part of(...)

A passenger aircraft, operated by Norwegian Air Shuttle. Photograph: Carina Johansen/Bloomberg

Norwegian Air Shuttle losses topped €2 billion last year, according to results published on Friday. The Scandinavian airline is under Irish High Cour(...)

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