The financially troubled carrier would like to get the equivalent of up to 600 million euros in fresh capital - and thus more than previously planned.

The capital increase has been revised to between 4,5 and 6 billion Norwegian kroner, the equivalent of around 445 to 593 million euros, reported Swiss Aviation. "We want to take a conservative approach at a time when the pandemic and travel restrictions continue to create unpredictability in the travel sector," said Norwegian boss Jacob Schram. Previously, the group had targeted just under 4,5 billion crowns in new capital.

Norwegian has been fighting for a long time in both Norway and Ireland, where several company subsidiaries are registered, against the threat of bankruptcy. On the one hand, this has to do with a massive debt level, and on the other, with additional problems in the wake of the Corona crisis. Norwegian has received bankruptcy protection in both countries, and plans to restructure the group have recently been approved by the courts there.

The airline wants to pave the way for the future with a realignment. In the future, it does not want to offer long-haul flights anymore and will concentrate on short-haul flights in Scandinavia and Europe with 51 aircraft. According to the company, the debt will be greatly reduced, and aircraft orders in the order of 85 billion crowns (8,4 billion euros) have been canceled.