If approved by courts in Ireland and Norway over the coming weeks, it will allow Norwegian to raise fresh funding as early as next month and emerge from the bankruptcy protection it sought in Ireland last year, with a view to completing the process in May.
"We have had many constructive and challenging negotiations with creditors since the indicative plan was presented on 14 January," said Norwegian chief executive Jacob Schram.
"The examiner in Ireland and the reconstructor in Norway both believe this plan is in the interest of the creditors and shareholders of the company.
