Norwegian to emerge from financial restructuring

Norwegian Air Shuttle will emerge from its period of financial restructuring following the successful conclusion of its Irish examinership, its supplementary reconstruction process in Norway and the capital raise of up to NOK 6,000 million. The effective time of its emergence from restructuring has been determined by the registration of the share capital increases and the issuance of convertible loans with the Norwegian Register of Business Enterprises, which is expected to occur shortly after close of trading on the Oslo Stock Exchange today. Throughout the Examinership and Reconstruction processes, Norwegian has reduced its total debt since the end of 2019