Norwegian Air dodges collapse as creditors OK rescue

Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday......»»

Norwegian Air shares plummeted again on Tuesday, and are now trading down around 97% from their 2015 peak, with the airline's survival depending on creditors accepting a rescue plan proposed last week......»»

The shares of Norwegian Air plummeted on Tuesday, and have now eroded almost their entire value from a 2015 peak, as the airline's survival depends on creditors accepting a rescue plan proposed last week......»»

Norwegian Air received a small government cash injection on Tuesday as part of the state coronavirus rescue package, and began talks with creditors complaining of missing payments amid growing worries about the carrier's liquidity......»»

Philip Green's Arcadia group - which owns brands like Topshop and Dorothy Perkins - has avoided collapse after creditors backed a rescue deal. But, as Pascale Davies reports, the deal shows the fragility of UK retailers and the property they occupy......»»

Norwegian Air's deeply discounted 400 million crowns ($39 million) share issue, part of the company's financial rescue plan, has now been oversubscribed by investors, the budget carrier said on Thursday......»»

Norwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners......»»

Norwegian Air's shareholders gave their backing on Monday to the company's financial survival plan, with about 95% of votes cast supporting the conversion of debt into equity, financial daily Dagens Naeringsliv reported on Monday......»»

Norwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners......»»

Norwegian Air's shareholders began a pivotal meeting on Monday to vote on a plan to convert debt into equity and raise more cash that could determine whether the budget carrier survives the coronavirus pandemic......»»

Norwegian Air has won "strong support" from lessors for its plan to convert debt to equity, the carrier said on Monday, as shareholders prepared to cast their vote on the scheme in a meeting set to begin at 0630 GMT......»»

The fate of Norwegian Air hangs in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline......»»

The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline......»»

Norway's parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictions to stem the spread of COVID-19......»»

The stock market is "rolling back some of those gains" from the $2.2 trillion economic rescue package that Congress passed, the "Mad Money" host said......»»

Norwegian Air , which is seeking creditor support for its rescue plan, has told bondholders it will overhaul its strategy in the wake of the coronavirus pandemic, according to an investor who took part in a briefing by the airline on Friday......»»

The share price of Norwegian Air fell by 60% on Tuesday, the first day of trading following the company's proposal of a financial rescue package on April 8......»»

Norwegian Air has secured an initial cash infusion of 300 million Norwegian crowns ($26.6 million) from a government rescue package for the airline industry, the budget carrier said on Tuesday......»»

Fabrizio Gandolfo/SOPA Images/LightRocket/Getty Norwegian Air Shuttle and its subsidiaries are on the brink of collapse as a lack of demand for travel due to .....»»

British Airways warned of job losses and Norwegian Air said it had "weeks not months" to avert collapse, as airlines look for cost cuts and government help in the face of a crippling travel slump brought on by the coronavirus......»»