Apr 27, 2020 SOURCE: AFP
Norwegian floats rescue plan erasing most shareholdings
Beleaguered low-cost carrier Norwegian Air Shuttle on Monday unveiled a rescue plan involving a debt to equity swap that would erase most shareholders' stakes, as it vies for state aid to survive.
If approved, the plan would dilute existing shareholders' stakes to just 5.2 percent.
A pioneer in no-frills long-haul flights,...
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