U.S. markets closed
  • S&P 500

    4,223.70
    -22.89 (-0.54%)
     
  • Dow 30

    34,033.67
    -265.66 (-0.77%)
     
  • Nasdaq

    14,039.68
    -33.17 (-0.24%)
     
  • Russell 2000

    2,314.69
    -5.38 (-0.23%)
     
  • Crude Oil

    71.46
    -0.69 (-0.96%)
     
  • Gold

    1,818.00
    -43.40 (-2.33%)
     
  • Silver

    27.26
    -0.55 (-1.97%)
     
  • EUR/USD

    1.1996
    -0.0004 (-0.04%)
     
  • 10-Yr Bond

    1.5690
    +0.0700 (+4.67%)
     
  • GBP/USD

    1.3991
    +0.0004 (+0.03%)
     
  • USD/JPY

    110.7270
    +0.1140 (+0.10%)
     
  • BTC-USD

    38,448.77
    -1,681.30 (-4.19%)
     
  • CMC Crypto 200

    961.10
    -31.37 (-3.16%)
     
  • FTSE 100

    7,184.95
    +12.47 (+0.17%)
     
  • Nikkei 225

    29,291.01
    -150.29 (-0.51%)
     

Norwegian Air says debt reconstruction plan approved

  • Oops!
    Something went wrong.
    Please try again later.
FILE PHOTO: A Norwegian Air plane is refuelled at Oslo Gardermoen airport
  • Oops!
    Something went wrong.
    Please try again later.

OSLO (Reuters) - Norwegian Air's court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday.

No creditors have filed appeals against the scheme, which was overseen by courts in Norway and Ireland, and the plan is now final and binding, Norwegian said in a statement.

In order to complete the rescue on time, the carrier must raise new capital in an ongoing fundraising.

($1 = 8.2055 Norwegian crowns)

(Reporting by Victoria Klesty, editing by Terje Solsvik)