Norwegian Air secures cash infusion from state rescue package
Share:
OSLO (Reuters) - Norwegian Air has fulfilled the first condition for taking part in a government-led rescue package for the airline industry, securing an initial cash infusion of 300 million Norwegian crowns (22.86 million pounds), the budget carrier said.Norway said on March 19 Norwegian Air could obtain credit guarantees worth up to 3 billion crowns to help weather the coronavirus crisis, but the airline must first meet a series of conditions.Norwegian, which has grounded most of its aircraft..