Struggling Norwegian Air raises $272 million from share sale, bond issue
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OSLO (Reuters) - Norwegian Air on Tuesday raised 2.5 billion crowns (£211.59 million) to meet the struggling airline's cash needs through 2020 with its third share sale in two years and a bond issue.The airline said it sold 27.25 million new shares at 40 crowns per share in a private placement, a 13% discount to Tuesday's closing price. It also raised $150 million via convertible bond issue.With mounting debts and suffering from the grounding of its 18 Boeing 737 MAX aircraft, Norwegian has..