Norwegian has successfully completed the reconstruction processes

posted on 26th May 2021 by Eddie Saunders
Norwegian has successfully completed the reconstruction processes

Today, Norwegian announced that the company has completed the reconstruction processes that began in November 2020.

Achieving these milestones means that the company can now look ahead to the future with a significantly strengthened balance sheet, a rightsized aircraft fleet and a simplified and effective structure.

“Today, a Norwegian airline with a long history and a large employee base that adds great value to Norway and the tourism industry has been saved,” Said Jacob Schram, CEO of Norwegian.

“This is a proud day and marks a new beginning for Norwegian”.

After six months of demanding reconstruction processes in both Ireland and Norway, Norwegian can now state that the processes have been completed and that the result is successful.

“I would like to acknowledge and thank everyone who has had faith in us throughout this period,” Jacob Schram continues.

“We have been completely dependent on the support of existing and former employees, business partners and shareholders, creditors and not least customers.

“Norwegian is a significant player both in the European tourism industry and aviation sector.

“We will continue to be there for our customers by providing a good service, great value and a robust route network in Norway and in Europe”.