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Norwegian Air files for bankruptcy protection in Ireland, to restructure

Norwegian Air files for bankruptcy protection in Ireland, to restructure

Norwegian Air Shuttle has filed for bankruptcy protection in Ireland, where its fleet is based, becoming the aviation sector’s biggest Covid-19 casualty. The company said its move was ’in the interest of its stakeholders.’ The carrier said it will seek to restructure while continuing to operate its flight schedule, adding that its bonds and shares will trade as normal in the Oslo Stock Exchange.

Chris
Chris
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