Jacob Schram

15 results

The Covid-19 pandemic threw already heavily indebted Norwegian into a crisis in early 2020. Photograph: iStock

Norwegian Air emerged from six months of bankruptcy protection on Wednesday with a smaller fleet and its debt almost wiped out but also facing stronge(...)

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

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 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(...)

Norwegian, like most other airlines, suffered a body blow after the pandemic grounded countless flights and plunged the industry into  crisis. Photograph: iStock

Norway’s government has agreed to provide financial backing for troubled airline Norwegian Air Shuttle provided it meets a number of conditions. The(...)

Norwegian Air is to end its long-haul business. Photograph: iStock

Troubled airline Norwegian is to ditch its long-haul business to concentrate on its short-haul business, in a move that will affect 2,000 jobs at the (...)

The carrier said it flew 129,664 passengers last month with low demand caused by restrictions across Europe.

Troubled airline Norwegian said passenger numbers were down 94 per cent last month due to travel restrictions linked to the coronavirus pandemic. The(...)

Photograph: iStock

Norwegian Air was given additional creditor protection by a court in Norway on Tuesday on top of that granted by an Irish judge on Monday, allowing th(...)

Norwegian Air, which has filed for bankruptcy protection in Ireland, has reported a 95 per cent collapse in passenger numbers in November. The troubl(...)

Norwegian said it was seeking court protection in the Republic because its aircraft assets are held here. Photograph: iStock

Norwegian Air’s key Irish subsidiaries got High Court protection from creditors on Wednesday in the latest bid to rescue the troubled Scandinavian air(...)

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