Originally Posted by
Kirks gusset
Would be very difficult with no crew (OSM agreement terminated) and no A/C, There was a small chance as investors felt they had no option other than to convert debts to shares, but.. the latest shenanigans have shown the aviation community how the NAS Board view other elements outside of Norway as "disposable" ..unless there is a huge cash injection it would be near impossible with their credit rating. The UK CAA would require assurance of their financial viability as per the terms of the AOC and so would ATOL, Stranger things have happened and one lives in hope as a healthy competition is always good,
My understanding is that they have all the aircraft, that part of the business has not gone bankrupt. They just got rid of 2/3's of their crews for now. And it would not surprise me if they have some "come-back" if they should need those crews back again later.