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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