Update regarding government measures for Norwegian aviation

posted on 20th March 2020 by Eddie Saunders
Update regarding government measures for Norwegian aviation

Norwegian Air Shuttle ASA has is pleased that the Norwegian government has announced a guarantee package of NOK 6 billion ($537 million) that will limit some of the damage to air transportation due to the Covid-19 pandemic.

NOK 3 billion of the guarantee package will be allocated to Norwegian.  

The Company has decided to retain financial and legal advisors with a view to evaluate and act upon the package with a goal to mitigate the current circumstances the Company is facing, and in order to ensure that the Company emerges with a sustainable financial platform, taking into account the best interest of all parties.