Norwegian Gets Approval For Initial Financial Transfusion

Alan Dron March 24, 2020
aircraft
In order to reduce costs, Norwegian has temporarily laid off approximately 90% of its workforce.
Credit: Joe Pries
LCC Norwegian has moved swiftly to access an initial tranche of state-backed aid, to enable it to negotiate the current financial crisis. On Mar. 19, the Norwegian government announced a NOK6 billion ($595 million) loan guarantee package for the country’s airlines, with up to half of that figure...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

Subscription Required

 

Norwegian Gets Approval For Initial Financial Transfusion 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.

Login Learn How

Related Content

jetSMART
JetSmart Eyes Argentina Growth Potential
Alaska Airlines
Alaska Airlines Takes First 737 MAX 8, Plans 737-800 Updates
Azul
Azul Expands A330-900 Firm Orders To Seven
Amy Leversidge
UK Airline Pilots Union Elects New General Secretary
Southwest Airlines
Daily Memo: Southwest Sees Widening Gaps Between U.S. Carriers
Aviation Week Intelligence Network
Monitor the market and connect your business to the people, programs and proprietary data driving the Commercial Aviation market - only available with AWIN.

AVD_AWIN_270

Stay Connected.
Stay Informed.
Grow Your Business.

Learn How