Norwegian Plans $353 Million Rights Issue, Further Route Cuts

Credit: Rob Finlayson
LONDON—Scandinavian budget carrier Norwegian has announced plans to raise NOK3 billion ($353 million) through a rights issue in an attempt to increase liquidity in the absence of a strategic investor. The airline will cut more routes from its network and divest additional aircraft as it shifts from...
Kerry Reals

Kerry Reals is a UK-based aviation journalist with 15 years’ experience covering all aspects of the airline and aerospace sector for a variety of industry publications. She is a freelance contributor to Aviation Week & Space Technology, Aviation Daily and Air Transport World, focusing on the European airline industry, with an emphasis on how the sector is working to improve sustainability and reduce its carbon footprint.

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