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High Court approves survival plan for Norwegian

High Court approves survival plan for Norwegian Updated / Thursday, 22 Apr 2021 18:41 The Norwegian case was one of the biggest and most complicated examinerships in the history of the state The High Court has approved a survival plan for the troubled Norwegian Air airline and related companies. In a written decision Mr Justice Michael Quinn said he was satisfied to approve the scheme put together by the airline s examiner, Kieran Wallace of KPMG. The airline s Oslo-based parent company and several of its Irish registered subsidiaries had sought the protection of the Irish courts due to factors including the devastating impact that the covid-10 pandemic has had on the airline industry and international travel.

High Court approves survival scheme for troubled airline group Norwegian

High Court approves survival scheme for troubled airline group Norwegian The group, the court heard had accumulated debts of US$5.2Bn. By Aodhan O Faolain Thursday 22 Apr 2021, 7:15 PM 3 hours ago 8,045 Views 2 Comments Image: Omar Marques/PA Image: Omar Marques/PA THE HIGH COURT has approved a survival plan for the troubled Norwegian Air airline and related companies. In a written decision Justice Michael Quinn said he was satisfied to approve the scheme put together by the airline’s examiner Kieran Wallace of KPMG. The airline’s Oslo-based parent company and several of its Irish registered subsidiaries had sought the protection of the Irish courts due to factors including the devastating impact that the Covid-19 pandemic has had on the airline industry and international travel.

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