Norwegian Air

Interview: Insolvency expert expects clarity by September on surviving businesses

Group had accumulated debts of $5.2bn when it sought protection from creditors

Airline said move was necessary to ensure its survival

Carrier now looking to raise up to 6bn crowns as opposed to previous 4.5bn

None of airline’s creditors challenged the survival plan

Airline clears first of several procedural hurdles as it battles to survive the pandemic

Airline takes major step in plan to cut debt and reduce fleet to survive pandemic

Airline indicates to High Court it is seeking to repudiate three aircraft sales contracts

Airline flies just 547,000 passengers in fourth quarter as tourism collapses

Scandinavian airline’s examinership continues

Airline in bid to restructure has agreed terms of consent order to cancel order, court hears

Scandinavian group and Irish subsidiaries back in High Court over aircraft leases

Covid-19 uncertainty hinder examiner in efforts to put together rescue scheme

Cantillon: Airline examiner to request extra 50 days to produce rescue plan

The airline and four Irish subsidiaries are under High Court protection from creditors while an examiner puts together rescue plan

Airline and Irish subsidiaries have High Court protection from creditors

Airline seeking to hand back 36 aircraft

Airline asks High Court to end leases held by Irish subsidiaries

Troubled carrier due in High Court on Thursday

High Court extends examinership as $2.5bn of group debt discharged

Capital funding contribution will only come if airline meets conditions

New report warns of €31.5bn losses, with airlines needing emergency funding

Torskef Jorden Leasing involved in leasing aircraft to Norwegian’s long-haul business

Grant Thornton managing partner is optimistic about life after Covid

Airline operated just nine aircraft on average in December, mainly on domestic routes

Business Today: the best news, analysis and comment from The Irish Times business desk

Troubled carrier moves aircraft to Shannon in preparation for returning them to lessors

Irish aviation financier signed agreements to lease out 97 aircraft last year

A key question now is: when does the industry start climbing out of this trough?

Airline now faces difficult negotiations with creditors

Opinion: Airline’s woes reveal hazy status of corporate nationality

Those owed are mainly suppliers and some have secured debts

Applegreen shares surge after founders and Blackstone reveal deal to take business private

Cash-strapped airline gets protection from Norwegian court as it seeks to restructure

Creditors tell court they are neutral on airline’s attempt to restructure

Troubled carrier has filed for bankruptcy protection in Ireland

Pandemic has brought airline to brink of collapse

Norwegian Air Shuttle, and five Irish-based subsidiaries, that own much of its aircraft, last week received interim protection from creditors from the High Court in Dublin

Business Today: the best news, analysis and comment from The Irish Times business desk

Creditors took or threatened action against two companies before court protection granted