norwegian air shuttle asa

The governments of Germany, Switzerland, Austria and Belgium have together been looking at a rescue plan that could top 10 billion euros ($11 billion) in total.(Unsplash)

Airlines inch toward securing aid needed for lengthy slowdown

By HT Correspondent | Bloomberg
UPDATED ON MAY 04, 2020 09:49 AM IST
Airlines made progress toward bolstering their finances over the weekend, with Deutsche Lufthansa AG nearing a deal for state aid and Norwegian Air Shuttle ASA winning bondholders over to a debt-to-equity swap.
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