Norwegian Air shareholders back restructuring plan ...Middle East

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Norwegian Air's shareholders endorsed the airline's financial rescue plan on Thursday in a series of votes, one of several hurdles the heavily indebted company must clear to survive the COVID-19 pandemic. Norwegian Air now faces difficult negotiations with creditors as it tries to reduce its debt and liabilities of 66.8 billion Norwegian crowns ($7.8 billion). It must also find investors and lenders willing to put up fresh cash.

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Last updated : 17 Dec 2020 clock 04:45 PM

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