The Norwegian government wants to save Norwegian from bankruptcy. Photo: Henning Bagger
Norwegian airlines has announced that the government of Norway is ready to help the airline financially under certain conditions. The government of Norway has agreed to help Norwegian by granting a so-called hybrid loan, which is a loan without an expiration date with special terms. The conditions for joining are that Norwegian raises at least NOK 4.5 billion from private investors and the airline must get a comprehensive rescue plan in place.
Norwegian presented the government with a plan for how the company will emerge from the crisis. As part of other initiatives, the airline hopes to be able to more than half its debt and raise between NOK 4-5…
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