Norwegian Secures State Aid After Refinancing; Realigns Company Structure
![aircraft](/sites/default/files/styles/crop_freeform/public/2020-04/source_norwegian.jpg?itok=gAoj1chw)
Credit: Norwegian
LCC Norwegian has completed a vital NOK12.7 billion ($1.27 billion) debt to equity conversion, unlocking a NOK3 billion Norwegian government loan guarantee, but CEO Jacob Schram warned of further challenges ahead. Schram also outlined a new company structure to support the airline’s future strategy...
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