Whilst we all wish NAS to come through this, the reality is that even if they can plug the gaps now it may be that they fail spectacularly down the line as PAX revenues plummet leaving thousands stranded and huge costs to governments in repatriation . Unless all the pundits are wrong, the view Easyjet and BA have that it could be 9 months before operations return would also apply to NAS. The Irish Times seems to be following the lease situation:
https://www.irishtimes.com/topics/to...=Norwegian+Air. In real terms NAS are asking investors to write off their debts on the hope of better returns down wind. The lease companies will still have to pay their financiers and for them this would be a bad deal, on the other hand who wants aircraft back in the middle of a global crisis. NAS is a large player at Gatwick but again the CAA may want to review the financial viability in terms of the AOC requirement and ATOL membership. Looking increasingly like a larger problem for NAS whom really need cash to survive 12 months in the current climate and the Norwegian funding plan is really a finger plaster not a viable solution.