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Old 27th Jan 2021, 14:47
  #1148 (permalink)  
Kirks gusset
 
Join Date: Nov 2002
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More here today:

https://www.norwegian.no/globalasset...-creditors.pdf

The headline "Ramp up" basically translates as: not going to pay for anything unless needed, crews need to be paid on furlough by their own countries.

Interestingly they want to raise the capital to EXIT the examinership AFTER they exit..seems "promises" will come in Feb, not quite sure the courts here will warm to that, funds should be in place before EXIT according to the law

In a nutshell, the presentation to shareholders is nothing new and the promised "investment" seems as far away as ever. Norway is a very rich country, the banks are loaded, this 4.5 Billion is small beer to them.. why no appetite for the project? the management are being transparent for once and not making any promises.
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