Pretty much what was expected, asking the lease companies to write off the debts and convert arrears to shares, reduce the cost of leases, and ground all European SH and LH ops, just keeping the flag flying in Norway.. interesting proposal along the lines of "we've got you over a barrel" some practical suggestions too, but rely heavily of creditor good will and faith in the future outlook, and right now no one has any faith in aviation recovery as a whole. It's certainly crunch time for the leasing companies whom now run the risk of massively reduced payments and minimal maintenance meaning their assets may not be readily transferable if other customers are found. Bad news for the crews with little chance of gainful employment outside of Norway. For the sake of a few domestic routes and 7 aircraft its probably better to let the whole thing fold and re-start on a proper footing as the "plan" also suggests that "more fund may be needed" and the appetite for investment will be non existent given the "kill my granny and change my name policy". Good luck to those effected.