Image credit: Jetphotos/Peter Baldwin
Another airline falls victim to the pandemic
Norwegian Air announced that it was filing for bankruptcy protection in Ireland.
The carrier received a bailout through the state in Norway, but had appealed for fresh financial support. The country’s government ruled out giving more cash to the airline.
As a result of this decision, the airline is likely to shut down its trademark long-haul routes and emerge as a simpler European regional carrier. “Our aim is to find solutions with our stakeholders that will allow us to emerge as a financially stronger and secure airline,” said CEO Jacob Schram.
Read the full details in the Guardian article here: