Some rationale on how the Norwegian Gov thinks:
Today the shares started a steady slide and with the furlough of the Gatwick staff it's looking increasingly like the only option will be to save the Norway operation and cut off the limbs, if this is done through liquidation or a rapid re-structure remains to be seen.
Norway’s Industry Minister, :
“It is a tough message to get. But we are answerable for the responsible use of public funds. Norwegian Air has a financial structure that makes it risky for us to go in with support. It was not defensible.”
Rather a comprehensive review but of course, just an opinion of a writer