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Old 5th Oct 2020, 18:36
  #816 (permalink)  
Kirks gusset
 
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The suggestion is a temporary solution whilst/ if the airline can generate any liquidity :
The government stated that there was an option to bail out the struggling air carrier rather than revive Scandinavian Airlines, which is already partly owned by Denmark and Sweden. The government officials considered that taking a majority of Norwegian Air stake would result in the temporary airline’s nationalisation. The long-term nationalisation of the carrier would be hardly possible as there are law-related issues with other European airlines such as Lufthansa .

The airline has already given multiple hints that it would need more financial support from the government. Earlier in September 2020, Schram warned that the state loan guarantee was not sufficient enough to get through COVID-19 crisis. The airline claimed that it would need a new rescue package despite the already-secured €285 million (NOK3 billion) state aid guarantee.
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