Norwegian Air is set to exit its restructuring process next week after raising the 6 billion Norwegian crowns (590 million) it targeted through the sale of perpetual bonds, new shares and a rights issue, the company said on Friday. Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North…
The worst of the pandemic may be over, but many small businesses are headed for a reckoning. As relief efforts like the Paycheck Protection Program (PPP) wind down, and state and federal protections such aseviction moratoriums begin to lapse, companies that may have been limping along oron the edge could soon topple. Or as Bob…
A Norwegian Air plane is refuelled at Oslo Gardermoen airport, Norway November 7, 2019.REUTERS/Lefteris Karagiannopoulos/File Photo Norwegian Air (NORR.OL) is set to exit its restructuring process next week after raising the 6 billion Norwegian crowns ($714 million) it targeted through the sale of perpetual bonds, new shares and a rights issue, the company said on…
[ News ]May 20, 2021 5:00 am ET By Charlotte Seet Thai Airways Approved for Restructuring Plan Thai Airways International managed to get its creditors approval on May 19 for a proposed restructuring plan that would help the airline refinance its debt in an effort to stay afloat and remain financially viable long-term, Nikkei reported.…
Even though the central bank had permitted lenders to recast loans for borrowers earlier this month, the facility was limited to loans of up to Rs 25 crore Banks have told the Reserve Bank of India (RBI) that the protracted curbs because of the second wave of the COVID-19 pandemic have resulted in significant stress…
Shutterstock Washington DC Bankruptcy litigators Erika Morabito and Brittany Nelson join firm in Washington DC Quinn Emanuel Urquhart & Sullivan has hired a duo of bankruptcy lawyers from Foley & Lardner to further bolster its insolvency and restructuring litigation capabilities. Erika Morabito and Brittany Nelson join as partners in the firms Washington DC office, bringing…
published : 19 May 2021 at 14:57 updated: 19 May 2021 at 18:49 writer: Agencies Thai Airways aircraft are parked on the tarmac at Bangkok’s Suvarnabhumi International Airport March 27, 2015. (Reuters file photo) Thai Airways International’s creditors have voted to approve the airline’s restructuring plan, its legal advisor said on Wednesday. “Ninety percent of…
The engineering firm said the restructuring of Chamberlin and Hill Castings Ltd and its integration into the business has been completed while also winning a 3-year contract to supply components for diesel engine generators () has updated investors on its operations as it continues its restructuring efforts. The specialist castings and engineering firm said the…
The Appen Ltd (ASX: APX) share price is on watch this morning after providing a trading update and announcing a restructuring to the market. This restructuring is aimed at aligning to the companys product-led and consumer-centric strategy, as well as changes to financial reporting to give greater visibility to the drivers and performance of the…
Artificial intelligence crowdsourcing provider Appen will use artificial intelligence (AI) itself in a restructuring that will allow it to slash service staff and become more customer-focused. To put it simply, we are accelerating our transformation into an AI-powered provider of AI data and solutions, said Appen chief executive Mark Brayan as the stock bounced back…