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Norwegian Air gets lifeline to prove it can make money

FILE PHOTO: Passengers board a Norwegian Air plane in Kirkenes
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OSLO (Reuters) - Norwegian Air's third fundraising from investors in 20 months could be the airline's final chance to prove it can make money from cheap transatlantic air travel, one of its major shareholders said on Wednesday.Shares in the budget airline fell around 10% after it raised 2.5 billion crowns (£212.2 million) from a discounted sale of shares, as well as a convertible bond issue.It..
Date Published: Nov 06, 2019
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