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Norwegian to seek additional cash to safeguard restructure

Air
James Chapple
14 April 2021

Norwegian Air will seek to raise up to NOK 6 billion (£515 million) to guard against the ongoing "unpredictability" in the travel sector caused by the Covid pandemic and associated travel restrictions.

Norwegian will offer flights to Scandinavia from four UK and Irish airports in summer 2022

The airline has extended the upper limit for its planned capital raise to NOK 6 billion after it was granted approval in both Norway and Ireland to progress with its wide-ranging restructuring effort.