Apologies for the slightly loose language. I used "bankruptcy" to mean "bankruptcy protection" as distinct from liquidation / dissolution / winding up. Having spent many years working on modelling credit worthiness of large corporates perhaps I should have anticipated the language lawyers
The point was to show that it's not just the Irish subsidiary that needs court protection from creditors - but the core company in Norway which seems unable to function normally. If after cutting loose the foreign subsidiaries, the parent company does not expect to be able to pay their debts on time and in full, then management must have a very negative view of the airline's future. The company
PR dept seem to be trying to present this court filing in Norway as a routine event in the life of a normally functioning company - it's not
Spotty - i was thinking of duck, but thought to change the wording slightly as companies in trouble tend not to go quack...