Norwegian Air secures bankruptcy protection in Norway
Embattled low-cost carrier Norwegian Air Shuttle said Tuesday it had secured bankruptcy protection in Norway, after recently receiving a similar shield in Ireland.
Dec 8, 2020
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Business
Embattled low-cost carrier Norwegian Air Shuttle said Tuesday it had secured bankruptcy protection in Norway, after recently receiving a similar shield in Ireland.
Dec 8, 2020
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Business
Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said Wednesday.
May 20, 2020
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Business
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
May 30, 2020
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Business
Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann and other investors in the office sharing giant, amid reports that the deal would give the ex-CEO an extra $50 million.
Feb 27, 2021
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Business
Coronavirus-hit Lufthansa inched closer to securing a nine-billion-euro bailout from the German government after the airline's supervisory board approved the rescue plan on Monday.
Jun 1, 2020
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Automotive
France is preparing a package of measures to shore up automakers stung by the coronavirus crisis, including subsidies to encourage purchases of electric vehicles, Finance Minister Bruno Le Maire said Monday.
May 18, 2020
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Business
Norwegian Air Shuttle said on Thursday it was now in "hibernation", hoping to ride out the devastation inflicted on aviation by the coronavirus pandemic which pushed the low-cost carrier deeper into loss.
May 28, 2020
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Business
Virgin Atlantic has applied for bankruptcy protection in the United States, court filings show, as the British airline—which has not flown since April because of coronavirus—seeks to tie up a rescue deal in the UK.
Aug 5, 2020
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Business
Lufthansa's top shareholder on Wednesday said he would back a nine billion euro government rescue package, removing the threat of a last-minute veto that could have plunged the German airline into bankruptcy.
Jun 24, 2020
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Business
Low-cost airline Norwegian announced Wednesday it was reopening 76 European and domestic routes starting July 1, after months of keeping most of its fleet grounded due to the new coronavirus.
Jun 17, 2020
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