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IT News Online - MediConCen Secures Series A Funding to Drive Global Expansion

MediConCen Secures Series A Funding to Drive Global Expansion

Norwegian gives update on progress in settling with lessors

By Cirium2021-02-24T16:07:00+00:00 Norwegian continues to make progress in settling leases and other contracts with creditors under its Irish restructuring process, but faces opposition from some parties. In an Irish High Court hearing on 23 February, Norwegian’s representative Brian Kennedy said that the creditors it was dealing with fell into five groups: those with whom Norwegian has agreed to withdraw its repudiation applications; those with agreements to which court orders apply; those with which the airline has nearly settled or is engaged in discussions to settle and withdraw in the coming days; those that Norwegian is proceeding against but that have not opposed or indicated opposition to the applications; and, “most significantly”, those “actively opposing” the application.

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