PPRuNe Forums - View Single Post - Hard times for Norwegian
View Single Post
Old 11th Dec 2020, 12:32
  #990 (permalink)  
Kirks gusset
 
Join Date: Nov 2002
Location: Dublin
Posts: 652
Likes: 0
Received 0 Likes on 0 Posts
Buying and selling your own shares will either encourage others to buy and push prices up, or when the balloon bursts fall through the floor.

Creditors in Scandinavia have filed claims of close to €170 million against troubled airline Norwegian Air Shuttle (NAS), which has court protection in the Republic and its home country.
!70 Million in the home country and 51Million in Eire, over 221Million now needs settling before the exit process, in other words a lot lot more will be required than the 340M indicated by investors, these debts are not willing to be converted to shares due to their nature.
On the positive side, yet again more breathing space to get shot of the LH fleet and obligations, although they won't want to do that until Boeing settle as Boeing would use such a move to their advantage, although the long arm relationship between Boeing and the Trent means the only perusable case will be the 737 Max.
Kirks gusset is offline