Unfortunately, Norway cannot cherry pick which parts of the company to bail out because it's just one company, and its massive debt bonds are issued to that one company, the same as its shareholders and stock listings are just to one single entity, regardless of how many AOC's, European bases, or foreign staff they have in their network for operational reasons.
So how does this stack up with the ownership requirements for the various AOC's?
A source close to one of the lessors described the talks as a “long shot”, while conceding that collapsed aircraft demand could work in the deal’s favour. “If we had somewhere else to move our planes, it would be liquidation,” the person said. Could be gossip, but if true suggests they would happily pull the plug if market conditions allowed.
Probably a fair point - what's the biggest gamble for the leasing company, support Norwegian and they carry on making their payments or let them go bust and place the a/c elsewhere....