Norwegian Gets Approval For Initial Financial Transfusion

In order to reduce costs, Norwegian has temporarily laid off approximately 90% of its workforce.
Credit: Joe Pries
LCC Norwegian has moved swiftly to access an initial tranche of state-backed aid, to enable it to negotiate the current financial crisis. On Mar. 19, the Norwegian government announced a NOK6 billion ($595 million) loan guarantee package for the country’s airlines, with up to half of that figure...

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