Norwegian Warns Of Insolvency Risk: State Loan Package ‘Not Enough’
Credit: Norwegian Airlines / Twitter
Norwegian Air Shuttle said a government loan guarantee was “not enough” to get it through the prolonged COVID-19 crisis and warned of a significant risk of insolvency. The observations come as the carrier reported a net loss of NOK5.3 billion ($595 million) for the first half (H1) of 2020 and a 71%...
Subscription Required
Norwegian Warns Of Insolvency Risk: State Loan Package ‘Not Enough’ is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password
Not a member? Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.
Related Content
