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Norwegian Air Shuttle Shares Trade 82% Higher

MIAMI – Norwegian Air Shuttle (DY) shares were trading 82% higher in Oslo today, offsetting this year’s stock price downfall of 97%.
On December 8, the Irish High Court granted creditor protection to Norwegian Air International (D8) and the Group’s Irish subsidiaries. The Court also extended the creditor protection to parent airline DY. The decision has helped spike the price of DY stock.
According to
marketwatch.com, shareholders are expected to vote next week on a rescue plan that calls for further stock issuance, cutting the conversion of DY’s fleet and debt as part of its restructuring process.
The process of examinership in Ireland allows financially sustainable businesses to address elements of the business that require restructuring with the aim of protecting jobs and preserving the core values of the business. ....

United States , Norwegian Air International , Protection Under Irish Court , Group Irish , Irish High Court , Norwegian Air Shuttle , Norwegian Government , Irish Times , ஒன்றுபட்டது மாநிலங்களில் , நோர்வே அேக சர்வதேச , ப்ரொடெக்ஶந் கீழ் ஐரிஷ் நீதிமன்றம் , குழு ஐரிஷ் , ஐரிஷ் உயர் நீதிமன்றம் , நோர்வே அேக விண்கலம் , நோர்வே அரசு , ஐரிஷ் முறை ,

Norwegian Air wins breathing room

Norwegian Air wins breathing room
December 7, 2020
An Irish court granted bankruptcy protection to struggling Norwegian Air’s Irish subsidiaries on Monday. The decision also temporarily protects the airline’s Oslo-based parent company from creditor claims, giving it some badly needed breathing room in the battle to save it from permanent grounding.
Norwegian Air won more time to work out its massive financial problems, when an Irish court granted it protection from creditors on Monday. PHOTO: Norwegian Air/David Peacock
Business news service
E24 reported Monday evening that the bankruptcy protection means creditors can’t demand payment or declare the airline bankrupt themselves. Large aircraft leasing companies that have unwillingly become large shareholders in Norwegian made it clear they wouldn’t oppose a bankruptcy protection order, in the hopes Norwegian can restructure its operations, slim down its fleet and deal with its heavy debt. ....

United Kingdom , Jacob Schram , David Peacock , Progress Party , Norwegian Air International , Labour Party , Oslo Stock Exchange , Norwegian Air , Arctic Aviation Asset , Norwegian Air Shuttle , Sola Airport , ஒன்றுபட்டது கிஂக்டம் , ஜாகோப் ஸ்க்ராம் , டேவிட் மயில் , ப்ரோக்ரெஸ் கட்சி , நோர்வே அேக சர்வதேச , தொழிலாளர் கட்சி , ஒசிலோ ஸ்டாக் பரிமாற்றம் , நோர்வே அேக , ஆர்க்டிக் விமான போக்குவரத்து சொத்து , நோர்வே அேக விண்கலம் , சோலா விமான ,