Norwegian Air shares plummet as survival depends on rescue plan
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OSLO (Reuters) - The shares of Norwegian Air plummeted on Tuesday, and have now eroded almost their entire value from a 2015 peak, as the airline's survival depends on creditors accepting a rescue plan proposed last week. The shares slumped as much as 62.5% as markets reopened after the Easter holidays. It was the first time they had traded since the airline outlined its rescue plan on April 8, which would convert $4.3 billion of debt into equity, and raise some new equity - wiping out much of..