Norwegian Air Shuttle ASA Stock News

Norwegian Air's court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday.

Having grown rapidly to become Europe's third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air has been fighting for its survival.

Norwegian Air now aims to raise up to 6 billion crowns ($711 million) in fresh capital, up from a planned 4.5 billion, to bolster its resources before emerging from bankruptcy protection next month as

Norwegian Books Multi-Billion Dollar Loss As Its Plans Turn Around

Norwegian Air said it had presented an updated restructuring proposal to creditors on Thursday, a major step in the airline's plan to sharply cut debt and trim the fleet to overcome the coronavirus pa

Norwegian Air is not asking Ireland's High Court to interfere with legal proceedings between itself and Boeing in the United States over the cancellation of 97 plane orders, a lawyer for the airline s

Norwegian Air has withdrawn requests to repudiate a total of 36 aircraft leases after reaching agreement with the lessors in question as part of a restructuring process, Ireland's High Court heard on

The low-cost carrier and pioneer in cheap long-haul flights filed for bankruptcy protection in November 2020.

Norwegian Air's and Boeing's legal dispute in the United States over compensation for the grounding of the MAX aircraft and cancelled orders will likely drag on beyond the end of the ongoing reconstru

Norwegian Air and jet maker Airbus have agreed on terms to repudiate the carrier's contract for new aircraft, lawyers representing the two firms told Ireland's High Court on Wednesday.

Norwegian will refocus on its core, the Nordic markets. Turnaround plan looks promising on paper, but significant improvement of the market environment is needed.

Scandinavia's largest airline said it will focus on its Nordics business, operating a European short-haul network and cutting its fleet to around 50 aircraft.

One of Europe's biggest airlines, Norwegian Air, plans to abandon long-haul flights between the US and Europe and focus on building a scaled-down European network, as it struggles to stay afloat amid

Shares of Norwegian Air Shuttle traded 82% higher in Oslo on Thursday. On Tuesday, the airline secured bankruptcy protection in Norway, after already getting such protection in Ireland.

Norwegian Air is seeking protection from its creditors as it attempts to restructure its business and survive the coronavirus pandemic.