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Norway Extends Loan Guarantees For Airlines Including Norwegian Air

Published on Sep 21 2020 12:52 PM in General Industry tagged: norwegian air

Norway Extends Loan Guarantees For Airlines Including Norwegian Air

Norway's government has extended loan guarantees for the country's airlines, including Norwegian Air, by two months until the end of 2020, the industry ministry has said.

Norwegian Air secured a state aid package of three billion Norwegian crowns ($330 million) earlier this year after a debt restructuring, but said last month that it needed to secure more funding to get through the COVID-19 pandemic.

Changes Designed To Help More Airlines

The government has changed the terms of the state guarantee scheme, the industry ministry said in a statement, without disclosing specifics.

"The changes we now propose are designed for the scheme to help more airlines than those who have already used it," industry minister Iselin Nyboe said in the statement.

The ministry was not immediately available for further comment.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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