Norway

Norway offers bailouts to domestic airlines | News

The govt of Norway has moved to help the flatlining aviation sector in the region, offering additional than US$550 million in bailout funds.

Some US$250 million will be directed at embattled funds operator Norwegian.

The reduced-value carrier mentioned before this week it would be compelled to layoff 90 per cent of its staff and cancel virtually all flights in response to the Covid-19 outbreak.

Flag-carrier SAS is also expected to acquire about US$a hundred twenty five, whilst the remaining cash will be break up amongst Wideroe and other carriers.

The funds are built to protected a minimum level of flight

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