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 of debt into shares worth NOK 10 billion (€ 878 million), as agreed with bondholders and aircraft lessors.

The plan also includes a capital increase of NKr 400 million (€ 35.12 million). All this opens up the possibility of state credit guarantees by the Norwegian Government for 3 billion crowns (263.41 million euros).