Norwegian Air

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Air France-KLM and Lufthansa could end up with almost €20 billion of taxpayer cash between them. Photograph: AFP via Getty

Michael O’Leary knows plenty about state aid. Ryanair has been the focus of various subsidy disputes over the years, related to the small airports it (...)

Norwegian Air has grounded 95 per cent of its fleet, leaving just seven aircraft in operation

Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier(...)

Norwegian intends offering creditors shares in the airline to satisfy the terms of part of a €265m state aid package. Photograph:  iStock

Irish aircraft lessor Aercap could be offered shares in Norwegian Air under the troubled airline’s plans to swap its debts for equity in the business.(...)

Norwegian Air must convince its creditors to agree to its rescue plan before it is put to a shareholders’ vote on May 4th.

The shares of Norwegian Air plunged by more than 60 per cent on Tuesday as they resumed trade after the airline proposed a financial rescue package on(...)

The Republic is a centre for aircraft leasing and finance, with most of the industry’s big players either headquartered here or with substantial businesses based in the State. Photograph: Getty Images

Covid-19 is likely to force more airlines into bankruptcies this year, potentially hitting aircraft lessors including Irish-based Aercap and Fly Leasi(...)

Aircraft lessors will “very likely have to repossess” planes as airlines fail, S&P Global Ratings analysts Philip Baggaley and Betsy Snyder wrote in a note

Companies that lease aircraft are hopeful that government stimulus funds can help steady struggling US airlines, as half of carriers worldwide seek re(...)

Ryanair has 18 months of available cash while Aer Lingus owner IAG has 16 months, putting the two airlines in a better position than many.  Photograph: AFP via Getty

Ryanair and Aer Lingus owner International Consolidated Airlines Group (IAG) are among the best-placed carriers to see out the Covid-19 crisis, analys(...)

A passenger aircraft, operated by Norwegian Air Shuttle ASA. Photograph: Chris Ratcliffe/Bloomberg

Norwegian Air has fulfilled the first condition to access a government-led rescue package for the airline industry and secured an initial cash infusio(...)

Taoiseach Leo Varadkar at Blair House, Washington DC, discussing the coronavirus crisis during a press conference. Photograph: Niall Carson / PA Wire

Leo Varadkar’s speech from Washington on the Covid-19 coronavirus this week could hardly have been more dramatic if US president Donald Trump had invi(...)

Norwegian Air will temporarily lay off half its employees. Photograph: Ints Kalnins/Reuters

Norwegian Air will scrap another 4,000 flights and temporarily lay off up to half of its employees due to the coronavirus outbreak, the company said o(...)

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