Embattled low-cost carrier Norwegian Air Shuttle said yesterday it had secured bankruptcy protection in Norway, after recently receiving a similar shield in Ireland. Burdened with massive debt after an ambitious expansion programme and suffering from the Covid-19 pandemic that has paralysed global air traffic, Europe’s third-biggest no-frills airline is now fighting for its survival. An Irish court on Monday allowed Norwegian to put itself and several Irish subsidiaries — which manage its fleet and some of its routes in Europe — under “examinership”, the equivalent of the US procedure known as Chapter 11. The manoeuvre shields the company from creditors and potential bankruptcy while it tri
Hence then, the article about norwegian air secures bankruptcy protection in norway was published today ( ) and is available onٌRayaٌ news ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Norwegian Air secures bankruptcy protection in Norway )