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Norwegian Air in line for government funding boost

Air
James Chapple
21 January 2021

The Norwegian government has indicated it would be prepared to support beleaguered Norwegian Air’s efforts to stave off financial ruin, albeit without yet making any firm cash commitments.

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In a statement, Norway’s industry minister Iselin Nyboe said the country was willing to take part in refinancing the airline, Reuters reports, a move welcomed by Norwegian chief Jacob Schram.


"Norwegian is pleased to announce the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions," said Schram.


"This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation.