Thats a step in the right direction, however, reading the attached "summons" it would appear a lot hangs on the valuation of the Gatwick slots. What they have is an agreement in principle to take to the EGM and bond holders meetings, what they still need is the major hurdle of the lessors agreeing to write off 500M in debts and effectively become de facto airline operators. If they secure this first round of funding it really only preserves the core operations in Norway and does nothing to address the issues of the other 160 aircraft grounded as they don't expect revenue streams to be able to support the model until late 2021. The pilots outside Norway will still be unemployed for at least a year and the proposed "flexible contracts" smack of seasonal jobs, one could reasonably expect a low basic salary plus performance and/or sector pay, having said that, the way the whole industry is looking it may be a relief to know you may possibly get your LPC done and be "on the books" even if not being paid. As most of the crews outside Norway are on some agency deal ( or were) then it falls on the agency to take the gamble on the pilots unless NAS is planning on direct hires under greatly reduced basic terms.
https://www.theguardian.com/business...ine-to-survive