Norwegian Air Plunged Into Fight for Survival as Government Says ‘Nei’ to Additional Aid

By Kurt Stolz on 9 November 2020
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Norwegian Air said Monday that the Norwegian government had turned down its latest request for financial support.

The cash-strapped carrier, which has been heavily hit by the global coronavirus, said it would run out of cash in Q1 2021 without additional assistance.

The Norwegian government has said it will provide financial assistance for the beleaguered airline to operate domestic flights, however.

“That the government has decided to reject the request for funds is disappointing and feels like a punch in the gut for everyone at Norwegian,” said the airline’s CEO, Jacob Schram at a news conference Monday morning.  “The company and the board will turn every stone to get through this situation,” he added.

The Bærum, Norway-basedairline employs 2,300 people in its home country.

(Photo: Accura Media Group)

Accura News

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