Norwegian Air's fate in balance as result of rescue vote awaited

Norwegian Air's fate in balance as result of rescue vote awaited

Norwegian Air's fate in balance as result of rescue vote awaitedThe fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline. Bondholders were set to start a meeting at 1400 GMT on Thursday to vote on the airline’s debt-to-equity plan, the first major test of its rescue efforts amid the coronavirus outbreak. Since then, Norwegian Air has sent no messages about the outcome.