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Norwegian Air Attempts Debt Restructuring in High Court

Norwegian Air Attempts Debt Restructuring in High Court

In an attempt to avoid collapse, Norwegian Air has turned to the Irish High Court, to restructure its debt and get access to liquidity. The company is thus seeking bankruptcy protection. Months ago, the troubled airline received federal aid from the Norwegian...
4700 JOBS AT NORWEGIAN AT HIGH RISK

4700 JOBS AT NORWEGIAN AT HIGH RISK

It has been reported by Reuters that Norwegian Air has announced that four Swedish and Danish subsidiaries had filed for bankruptcy and that all staff contracts in Europe and the US have been ended. This puts 4,700 jobs at risk in the airline. As we previously...