, Columnist
Norwegian Air Shuttle Tries a Desperate Final Gambit
The airline must hope that its lenders decide it’s worth preserving in its current form.
Going nowhere.
Photo: Bloomberg
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Few airlines can be entirely confident of their survival right now. Travel restrictions prompted by the new coronavirus have forced carriers to burn rapidly through their cash, with no guarantee of when any semblance of normality will return.
The ones in most danger are those that overextended themselves financially before the pandemic. Among the big European carriers, nobody pushed boundaries more than Norwegian Air Shuttle ASA, the budget transatlantic airline.