The management of the financially troubled airline Norwegian obtained the approval of its shareholders for further financing measures. Among other things, debts are to be converted into equity again. By issuing new shares, fresh money should also flow into the tight coffers.

Due to the corona pandemic, the extraordinary general meeting was held digitally. A total of 15 management proposals were put to the vote. According to the ad hoc announcement, these were adopted with an 80 percent majority. The issue of new shares is expected to generate 377 million euros. In particular, arrears for the leasing of aircraft, but also financing loans are to be converted into equity.

As early as May 2020, Norwegian Air Shuttle organized fresh money by issuing new shares and then received 382 million euros in government-guaranteed loans. The government rejected the increase, which is why the situation for the carrier is now more tense than ever. The mountain of debt amounts to around 6,3 billion euros.