Norwegian Air Faces Crisis After State Denies Fresh Rescue
- Carrier’s bankruptcy risk rises after rejection, analyst says
- Airline must ‘turn over every stone’ to weather downturn: CEO
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Norwegian Air Shuttle ASA risks becoming a casualty of the global aviation crisis after the state rejected a request for a second multi-billion krone rescue package.
A fresh bailout wouldn’t be a good use of public funds, the government in Oslo said Monday, leaving the discount carrier in need of help to weather the winter months as air travel remains deeply disrupted by the Covid-19 pandemic.