Airline

Norwegian shareholder back $1 billion debt for equity swap 

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Norwegian shareholder back $1 billion debt for equity swap 

Ailing LCC Norwegian Air has won support from shareholders, bondholders and aircraft lessors for a 10bn kroner ($1billion) debt-for-equity swap. At an emergency AGM today he airline’s shareholders voting in favour of all proposals including a 400m kroner share issue. The plan will hand majority ow...

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