By Edward Robertson Norwegian has got one step closer to completing its reconstruction process after gaining court approval for the plan in Oslo. The Oslo County Court’s backing of its reconstruction plan, which has seen it pull all long-haul services to focus on European flights, means it n...

Today, Norwegian’s financial reconstruction plan was sent to its creditors and shareholders. If the plan is approved by the Irish and Norwegian courts in the coming weeks, the company can continue the reconstruction processes and initiate a capital raise in April, targeting completion in May 2021....

By Helen Coffey, The Independent. Virgin Atlantic has warned it will “run out of money altogether” by the final week of September if creditors do not agree to a £1.2bn bailout package tomorrow. The rescue deal, which includes proposing creditors accept a 20 per cent chop in the money the...