Norwegian Air shareholders back restructuring plan

Norwegian Air’s shareholders has voted to support its restructuring plan during an extraordinary general meeting on December 17. The company gained more than 80% votes in favour of the proposed rights issue, which may raise up to 4 billion crowns from a sale of shares or hybrid instruments, which has a target date of the end of February 2021. The general meeting also resolved to carry out a reverse split of the company’s shares where 100 old shares give one new share. Norwegian still needs to renegotiate its debt and liabilities of 66.8 billion Norwegian crowns ($7.8 billion) with its