Slimmed-down Norwegian Air to live on after share sale, refinancing completed

OSLO (Reuters) - Budget airline Norwegian Air looks likely to live on in a very slimmed-down form after completing a cut-price share sale and winning bondholders' backing for a refinancing, after the coronavirus crisis compounded the carrier's financial problems.Existing shareholders will see their stakes massively diluted by the rescue as it will increase the number of shares in the company to about 3.5 billion from just 163.6 million.The airline's shares initially plunged 51% to 2.51 crowns..