With our 2020 listed hottest deals, exclusive discount on group booking and conditional fares you can make savings of up to 70% onUltimate Air Shuttle flight tickets. ADVERTISEMENT Here’s the statement that the airline issued: Up To $600 Off Top Destinations With Ultimate Air Shuttle Flight DealsĪirlinesPromoCodes makes easy to search promo codes for all types United States Domestic and International airlines.Check out on one-way/multi-city/round trip offers from popular destinations like New York, Newark, LaGuardia, Chicago, Los Angeles, San Francisco, Denver, Houston, and Washington, D.C. Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging. “I want to thank everyone who has supported the company during this unprecedented crisis that has affected the entire the airline industry: The Government and Parliament customers employees: shareholders leasing companies creditors bondholders, the travel industry and other Norwegian supporters. Now that we can access the state loan guarantee, we can continue to transform the company. Through this process, the belief in New Norwegian and the company’s strategy have been confirmed by shareholders, the market, bondholders, leasing companies, other creditors and lenders. Nevertheless, the months ahead will remain challenging and with a high degree of uncertainty for the industry. Norwegian will still need to collaborate closely with a number of creditors as the company currently has limited revenues,” said CEO Jacob Schram. Since the end of 2018, Norwegian has taken significant actions to restructure its operations and return to profitability. The company was on the path to deliver a positive net profit in 2020, and this summer was set to be the strongest in the company’s history. Instead, the coronavirus outbreak and global travel restrictions has led to a substantial drop in demand. The Company has seized this time as an opportunity to restructure and develop a new strategy and business plan – New Norwegian – for a strengthened airline to re-emerge when travel restrictions are lifted and demand returns. “In addition to securing that the company survives this crisis, our goal has been that Norwegian should have a strong position in the future airline industry, with a clear direction and strategy. Here’s the release from the Chinese owned entity: This will ensure sustainable operations and a structure that will be to the benefit of both shareholders, customers and colleagues,” says Schram. NORWEGIAN AIR SHUTTLE ASA – DISCLOSURE OF LARGE SHAREHOLDINGīOC Aviation Limited (“BOC Aviation”) has entered into an agreement to convert lease obligations to 389,053,742 shares in Norwegian Air Shuttle ASA (“NAS” or the “Company”) in connection with the share capital increase resolved by the general meeting of NAS on. Upon completion of the conversion, BOC Aviation will hold 389,053,742 shares in NAS, representing 12.67% of the outstanding shares and votes in the Company. Prior to completion of the conversion, neither BOC Aviation nor any of its controlling companies (identified below) held any shares or votes in the Company. This disclosure is made pursuant to section 4-3 of the Norwegian Securities Trading Act.
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