The Oslo County Court, today approved Norwegian’s reconstruction plan in Norway. Reaching this milestone means that both the group’s reconstruction processes in Ireland and Norway have now been approved by the courts. The company will now prepare the process of raising new capital.
The court reached a positive conclusion after the creditors approved the Norwegian reorganisation plan in a reconciliation period that ended on Friday 9 April.
“We are very pleased with this important positive decision by the court. Once we have passed these two biggest legal milestones we can look forward to continuing the work of raising new equity,” says Jacob Schram, CEO of Norwegian.
“I stand very proud of the achievements that Norwegian has accomplished throughout this period and I am grateful to work alongside so many colleagues that have shown such unwavering commitment and determination for us to succeed. At the same time, I wish to recognise the crucial support that we have received which has enabled us to continue our business.”
The rulings in both Ireland and Norway become final when the planned equity has been obtained. The capital raise is expected to be completed during the month of May.
For further information, see the stock exchange announcement.
This post was published on 12 April 2021 17:24
A California woman is suing American Airlines, alleging she was sexually assaulted mid-flight in April…
Israeli flag carrier El Al has resumed flights to Moscow Domodedovo as of May 1,…
Emirates has announced plans to recruit more than 1,500 pilots over the next two years,…
Perth Airport has announced the return of China Southern Airlines' seasonal direct flights between Perth…
Eindhoven Airport has added seven new lifting aids in its baggage hall, bringing the total…
Dubai International Airport (DXB) saw a strong start to 2025, welcoming 23.4 million passengers in…