The ailing airline Norwegian and the Group's own leasing company Arctic Aviation Assets have filed for bankruptcy in another country. Chapter 15 bankruptcy protection has been applied for at the competent court in New York.

This section is intended for foreign corporations with liabilities in the United States. Air Berlin also applied for Chapter 2017 proceedings in 15. At Norwegian and the leasing subsidiary, there is likely to be much more than a few plane tickets behind the move, as the group is wrestling with Boeing to cancel the Boeing 737-Max bulk order. The manufacturer insists on US law.

“The auditor in Ireland and the reconstructor in Norway both believe this plan is in the best interests of the company's creditors and shareholders. This is an important milestone in securing the future of Norwegians, ”explains CEO Jacob Schram.

US-based assets Norwegian is looking to foreclose include aircraft on the ground at US airports, $ 2,5 million in cash and receivables, and a $ 16 million refund from the Internal Revenue Service is due. The first hearing will take place on April 27, 2021.

Norwegian and Arctic Aviation Assests could use this procedure to try to protect their US assets from possible access by Boeing. With Airbus you got over the cancellation of the A320neo order agreed, We are still in a clinch with the Americans. It can be assumed that there will still be a legal dispute.