World, As Seen from the most beautiful islands: Ireland and Cyprus

Norwegian Air waits for governmental support


Norwegian Air has come up with a proposal for a rescue plan to get through the corona crisis. The Norwegian price fighter wants to stay afloat by converting debts into shares. As a result, the current shareholders together would only have an interest of more than 5 percent.

In this way, the Norwegians hope to gradually emerge from the crisis, to be back in a somewhat normal way by 2022. All interested parties will have to consider the plan in the near future. Bondholders, lease companies and shareholders must agree. If approved, this would also allow Norwegian to benefit from Norwegian government support schemes.

The airline has been in financial distress for some time. The corona crisis has exacerbated the situation. Norwegian hardly runs any flights anymore. About 95 percent of the fleet is currently grounded. Only seven aircraft are still in operation. Earlier there were reports that there would be thousands of jobs at risk. The fifth largest budget flyer in the world employs some 11,000 people in total.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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