April 30th is the first bus stop for the creditors and bondholders to agree on the swap before shareholders vote on May 4th.
But again, remember that your prediction of norwegian becoming a regional player without LH or foreign bases and owned mainly by Norway is not at stake right now. That can only happen in bankruptcy mode, particularly with the Chapter 11 like legislation passed last Friday. Otherwise it won't be worth it. Norway is rich, but not stupid.
When you describe the strategy of getting rid of "limbs" to return to the core business if needed, it doesn't really mean much, because the debt (and not so much their staff) is what's killing norwegian. And that limb you can only cut off thru complete liquidation of the parent company, and not by closing a few bases with no assets.
Lastly, closing "limbs" without negotiation by declaring them bankrupt while still operating with the main company will surely come back to them in court as it's happened very often with RYR and other LLC in similar setups.
We shall see Thursday. I also think they're going to pull it thru.