{"id":395478,"date":"2021-01-15T10:36:06","date_gmt":"2021-01-15T05:06:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395478"},"modified":"2021-01-15T10:36:06","modified_gmt":"2021-01-15T05:06:06","slug":"norwegian-air-gives-up-long-haul-flying-in-plan-to-exit-insolvency","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/norwegian-air-gives-up-long-haul-flying-in-plan-to-exit-insolvency\/","title":{"rendered":"Norwegian Air gives up long-haul flying in plan to exit insolvency"},"content":{"rendered":"<p>Norwegian Air Shuttle ASA will give up the low-cost, long-haul business that made it a household name, returning to its roots operating shorter European flights under a plan to exit Irish insolvency.<\/p>\n<p>The restructured airline would serve the Nordics and European destinations with about 50 narrow-body aircraft in 2021, rising to 70 planes next year, Norwegian Air said Thursday in a statement. It seeks to raise as much as 5 billion kroner ($590 million) in new capital through a rights issue, a private placement and a hybrid instrument.<\/p>\n<p>The carrier sought creditor protection in November and secured court approval last month to attempt a restructuring under Irish examinership. Norwegian Air, which was already struggling before the pandemic, is part of a growing list of more than 40 airlines pushed into insolvency since the Covid-19 crisis upended demand for air travel last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwegian Air Shuttle ASA will give up the low-cost, long-haul business that made it a household name, returning to its roots operating shorter European flights under a plan to exit Irish insolvency. The restructured airline would serve the Nordics and European destinations with about 50 narrow-body aircraft in 2021, rising to 70 planes next year, Norwegian Air said Thursday in a statement. It seeks to raise as much as 5 billion kroner ($590 million) in new capital through a rights issue, a private placement and a hybrid instrument. The carrier sought creditor protection in November and secured court approval last [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-395478","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395478"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395478\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}