OSLO: Norwegian Air Shuttle ASA (Norwegian) announced Monday it has entered into an agreement to purchase 10 Boeing 737-800 aircraft currently on lease to the airline. This transaction marks a significant step in securing the company’s future fleet, enhancing financial flexibility, and increasing asset ownership to support long-term operational and strategic growth, alongside a reduction…
OSLO, NORWAY: Norwegian Air Shuttle announced the temporary restrictions on the use of CashPoints will be lifted from Monday 1 November. The company previously announced that the temporary restrictions would cease when the market improves, due to the number of travellers increasing in recent months and a positive trend in forward bookings it is time…
OSLO, NORWAY: Norwegian Air Shuttle ASA announced the New Capital Perpetual Bonds with ISIN NO 0010996440 in the aggregate amount of NOK 1.738 billion can be converted into shares from the date falling on the second anniversary of the issue date and the New Capital Perpetual Bonds with ISIN NO 0010996432 in the aggregate amount of NOK…
OSLO: As part of the restructuring proposal, the Norwegian Air Shuttle contemplates a capital raise of up to NOK 6.0 billion. The capital raise comprises of an offering of new capital perpetual bonds raising gross proceeds of up to NOK 1.875 billion; a rights issue raising gross proceeds of up to NOK 395 million; and…
OSLO: Following the Irish High Court’s decision on Friday 5 March 2021 in respect of the repudiation of certain contracts, Mr Kieran Wallace of KPMG Ireland as Examiner of Norwegian Air Shuttle and a number of Irish subsidiaries of the Group proposed schemes of arrangement for the financial restructuring the Company and the Examinership Companies,…
OSLO: The Board of Directors of Norwegian Air Shuttle ASA announced an indicative plan and set of actions that creates a framework that will potentially enable the Company to exit its Irish examinership and Norwegian Reconstruction processes during the first quarter of 2021. Core to the Plan is that Norwegian will henceforth focus on its…
OSLO: Reference is made to the Norwegian Air Shuttle ASA perpetual 0% EUR convertible bond loan in the aggregate amount of EUR 8.217 million. Norwegian Air Shuttle has received conversion notices from bondholders representing EUR 600,000 in this bond issue, which pursuant to standard terms set out in the bond terms are convertible into 16,079…
OSLO: Norwegian Air Shuttle ASA, following the interim protection granted by the Irish courts on 18th November 2020, was yesterday on 7th December 2020 successfully made subject to the examinership process which is a cornerstone of the reorganization plan. Following this determination, Norwegian will now enter into a supplementary Norwegian reconstruction process, which enhances the…
OSLO, NORWAY: Norwegian Air Shuttle announced that due to customer demand the airline will reopen 76 routes from 1 July, 2020. The network will include both domestic routes and flights to other European countries. The re-opening of flights is the result of recent increased demand from customers and is also in line with other airlines…
OSLO: Norwegian Air Shuttle ASA has received strong support from lessors for a minimum conversion to equity of USD 730 million (excluding conversion under the so-called power-by-the-hour arrangement), up from the previously announced USD 550 million. The conversion is supported by a significant number of lessors and the Company continues to discuss with other of…
FORNEBU, Norway: Norwegian Air Shuttle ASA has announced the details of the restructuring plan and its intention to launch a public equity offering of up to NOK 400 million Reference is made to the stock exchange announcements from Norwegian Air Shuttle ASA dated 14 April 2020, relating to bondholder meetings to be held on 30…