2 years Norwegian Air gets $1 billion rescue after financial cliffhanger     

Norwegian Air gets $1 billion rescue after financial cliffhangerNorwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners. The rescue deal prepares the ground for a relaunch of the company in a scaled-down version when the coronavirus crisis subsides. “This has been perhaps the most exciting financial thriller Norway has ever seen,” Chief Executive Jacob Schram told a news conference after Monday’s shareholder meeting.

Read full article Norwegian Air gets $1 billion rescue after financial cliffhanger and don't miss and other topics, financial news headlines, business stories, opinions and trade analysis on Market Insider.

About Market Insider

Market Insider is a news aggregator for traders and investors that proposes to you the latest financial news, business top stories, today's headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs & funds, bonds & rates and much more. We do not create or publish our own content or copy full articles from other sites. Market Insider works with public RSS feeds of best business news websites, personal blogs and provides automatically generated list of financial news links directly referring to its sources.