Norwegian Air Shuttle (NAS) bondholders have voted in favour of changes to investment terms, giving NAS much needed “financial headroom” going forward. Separate bondholders’ meetings were held in NAS07 and NAS08 in which there were votes in favour of the proposed amendments with sufficient majority.  Last week, NAS requested to extend the maturity dates of its two unsecured bonds in exchange of a security package backed by the take-off and landing slots at London Gatwick Airport. Norwegian’s Gatwick slot portfolio is valued in excess of the current nominal bond value for NAS07 and NAS08 of $380 million.  Acting CEO Geir Karlsen said: “We’re

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In