There are no tricks involved. Its about sound, financial judgement. When the creditors were lined up against the wall in the spring, they lost a lot of money accepting the debt to share conversion. Why? Because they were nice people? No, because the alternative presented an outcome with even greater losses. Given the current circumstances, a pandemic, they are faced with the same dilemma once again. Now, I think Norwegian will walk away from this pandemic, smaller, slimmer yes, but more agile and with a lot less debt..
Last edited by uncle-traveling-matt; 16th Nov 2020 at 07:09.