Norwegian Air Shuttle has reported a 96% fall in operating revenue to NOK 255.5 million ($30.7 million) and an operating loss of NOK 1.461bn ($176.1 million). The company is currently nearing the successful completion of both an examinership process in Ireland and reconstruction process in Norway. A subsequent capital raise is due to close on or about 26th May. “The impact on our business as a result of international travel restrictions, that have continued throughout this quarter, are as expected. However, during this difficult period Norwegian has continued to reach a number of milestones that will secure our future and

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