According to the annual report released on June 9, if the pandemic continues to force Norwegian into hibernation, the company estimates that it will need approximately $235 million financial aid during the second quarter of 2020f It seems that Europe’s fourth-largest low-cost carrier will completely discontinue the long-haul flights that sank the company into debt
Of course the leaseholders want to see some utilisation but the deal struck converted them to PBH and with dormant crews a lot more cash is needed to kick start the LH ops again.
They are not the only ones in this situation and at least have a possible revenue stream from SH