Norwegian gets all four bond groups on a rescue plan

The airline Norwegian confirms that they have included all of the four bond groups in the company on their rescue plan.

This is stated in a stock exchange announcement on Sunday afternoon.

The Norwegian management has worked intensively for weeks on how to raise enough equity to be able to trigger government crisis loans of NOK 2.7 billion. A decisive part of the plan has been to get the owners of bond loans to convert parts of the loans into shares.

On Monday, there is an extraordinary general meeting where Norwegian’s shareholders decide whether to accept the rescue plan.

Now the goal is to reach agreement with the leasing companies before the extraordinary general meeting on Monday.

© NTB Scanpix / #Norway Today