Norwegian Suspends Passenger Refunds & Reports 1B NOK Loss For The Third Quarter

Norwegian Air Shuttle, a Norway based airline that averted bankruptcy earlier this year when debtors agreed to debt to equity swap, has reported third-quarter numbers that are 1B NOK (close to 100M euros) in red. The airline yesterday was denied further financial support from the Government of Norway, and the airline immediately stopped processing refunds … Continue reading Norwegian Suspends Passenger Refunds & Reports 1B NOK Loss For The Third Quarter