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OSLO, April 12 (Reuters) – Collectors have voted in favour of Norwegian Air’s NORR.OL restructuring proposal in Norway, the corporate mentioned on Monday, clearing yet one more hurdle for the airline on its path to emerge from chapter safety.
“Right this moment the choose of the Oslo Byfogdembete has accepted the scheme for an exit of the reconstruction of the corporate,” Norwegian mentioned in a press release.
Eire’s Excessive Court docket has already accepted the corporate’s restructuring scheme in a parallel course of.
The provider’s subsequent step is to boost not less than 4.5 billion Norwegian crowns ($530 million) from new shares and hybrid capital, of which Norway’s authorities has mentioned it’s prepared to contribute 1.5 billion crowns.
It has mentioned it goals to exit the restructuring course of on Might 26, as soon as it had secured the brand new funding.
($1 = 8.4944 Norwegian crowns)
(Reporting by Victoria Klesty, modifying by Gwladys Fouche and Terje Solsvik)
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