Norwegian Air's shareholders gave their backing on Monday to the company's financial survival plan, with about 95per cent of votes cast ...
Norwegian Air's shareholders gave their backing on Monday to the company's financial survival plan, with about 95per cent of votes cast supporting the conversion of debt into equity, financial daily Dagens Naeringsliv reported on Monday.
FILE PHOTO: Passengers board a Norwegian Air plane in Kirkenes, Norway October 26, 2019. REUTERS/Gwladys FoucheOSLO: Norwegian Air's shareholders gave their backing on Monday to the company's financial survival plan, with about 95per cent of votes cast supporting the conversion of debt into equity, financial daily Dagens Naeringsliv reported on Monday.
Approval of the scheme was vital to the company's plan to tap government credit guarantees as it seeks to overcome the novel coronavirus pandemic.The company has not confirmed the outcome of the vote, which is held online and with access for shareholders only.
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