Norwegian begins to turn corner following restructuring

norwegian begins to turn corner following restructuring

Sumary of Norwegian begins to turn corner following restructuring:

  • However, following the successful completion of the reconstruction process and the subsequent NOK6 billion equity raise, the company said it is now “well positioned” for future growth.
  • In the second quarter of 2021, the company successfully exited the examinership and reconstruction process which improved equity by NOK10.7 billion.
  • The carrier has, however, scrapped ambitions to be a global low-cost carrier.

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