More than 95% of Norwegian shareholders approve the recapitalization plan

More than 95% of Norwegian shareholders have voted in favor of the company’s recapitalization plan at the extraordinary shareholders’ meeting, held this Monday in Oslo. The recapitalization plan includes the conversion of debt into shares worth NOK 10 billion (€ 878 million), as agreed with bondholders and aircraft lessors. The recapitalization plan includes the conversion […]

Boeing cancels the ‘joint venture’ with the Brazilian manufacturer Embraer

The Brazilian manufacturer will take action for the breach The US aircraft manufacturer Boeing has canceled the agreement to create a joint venture with the Brazilian firm Embraer in the midst of the coronavirus crisis, citing «breaches», which the second has denied in a crossroads of communications from both companies. The deal, which was originally […]

Emirates increases its ability to process refunds

Emirates has increased its ability to process refunds, reaffirming its commitment to customers and business partners for trips affected by the Covid-19 pandemic. With nearly half a million rebate requests pending, the airline has taken proactive steps to restructure its administrative procedures and increase resources to expedite reimbursement processing. Before the pandemic, Emirates processed an […]

Norwegian Launches Proposal to Capitalize 1.1 Billion Debt

The company thus hopes to meet the requirements to access state aid Norwegian will present a proposal for the conversion of debt into equity of up to $ 1.2 billion (€ 1.1 billion), under the agreement based on negotiations with lessors and bondholders. The plan proposes the conversion of 60% of the debt into equity […]

The Court of Justice of the European Union rules against Ryanair for hiding part of the «inevitable» cost of the ticket at the beginning of the online sale

The Court of Justice of the European Union has ruled this Thursday against the low-cost airline Ryanair in a case that confronts it with the Italian authorities for hiding in the starting price offered in online sales part of the cost considered «inevitable» or «foreseeable» of a ticket, such as VAT on domestic flights or […]