Originally Posted by
babemagnet
On ch aviation:
Prominent Norwegian shareholder rejects bond extension
cant read it its for Pro only
yes story om Borsen.dk today that They refused to postpone the repayment of the Loan to norwegian. Norwegian has offered Security in the Gatwick slots but so far sissener apparently refused to Extend the loan further .
The problem with norwegian is fundamentally wrong financing of the entire Company, Along with Bad leasing deals etc. Lenders did last week, According to borsen, say that they lost confidence with norwegian and did not see any solutions in the long run.
Sissener along with a few others is able to sink the entire turnaround for norwegian as they Are the biggest lender.
They have 3.4 mia norwegian kr due by Dec this year and Next year from norwegian which they now have refused to extend without more Equity Beeing put into the Company.
Seems like dire times for norshuttle.