A Norwegian Air plane is refuelled at Oslo Gardermoen airport, Norway November 7, 2019.REUTERS/Lefteris Karagiannopoulos/File Photo
Norwegian Air (NORR.OL) is set to exit its restructuring process next week after raising the 6 billion Norwegian crowns ($714 million) it targeted through the sale of perpetual bonds, new shares and a rights issue, the company said on Friday.
Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North and South America, Southeast Asia and the Middle East before the COVID-19 pandemic plunged the budget airline into crisis.
Courts in Ireland and Norway had demanded the airline raise at least 4.5 billion crowns as part of a scheme to emerge from bankruptcy protection in …
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