FILE IMAGE: A Norwegian Air airplane is refuelled at Oslo Gardermoen airport, Norway November 7,2019 REUTERS/Lefteris Karagiannopoulos
OSLO (Reuters) – Four Swedish and Danish subsidiaries of Norwegian Air ( NWC.OL) have actually declared insolvency due to the ongoing coronavirus crisis which has grounded the majority of the company’s fleet, the budget plan carrier said on Monday.
The 4 companies are staffing systems, employing 4,700 pilots and cabin crew members, while about 700 pilots and 1,300 cabin team based in Norway, France and Italy were unaffected by the decision, Norwegian stated.
” We have actually done everything we can to avoid making this last-resort decision and we have actually asked for access to government support in both Sweden and Denmark,” Chief Executive Jacob Schram said in a declaration.
The company is still looking for to transform debt to equity and to raise cash from investors while also trying to receive state guarantees from Norway’s federal government in a quote to survive the crisis.
” We are working around the clock to get through this crisis and to return as a stronger Norwegian with the goal of bringing as many associates back in the air as possible,” Schram stated.
Reporting by Terje Solsvik, editing by Gwladys Fouche
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source https://jobsearchtips.net/norwegian-says-4700-tasks-at-risk-after-system-bankruptcies-contracts-axed/
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