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  • Norwegian Air may have to halt operations early next year.

  • That was the warning from the airline Tuesday as it issued another plea for rescue funding.

  • In a statement, the carrier said it was dependent on getting extra capital to keep operating through the first quarter off 2021.

  • The latest plea comes a day after always government rejected requests, form or aid.

  • Following that rejection, the company said it would furlough 1600 more staff.

  • That leaves just 600 people still working, compared to 10,000 before this year's travel slump.

  • Only six of its 140 aircraft are now operating, down from 21 last month.

  • In a further sign of trouble, the board representative off its biggest shareholder resigned Tuesday.

  • Some analysts say it'll points to a likely collapse.

  • One industry expert at Bernstein told Reuters a liquidity crunch could come very soon, with few visible ways out, though Norwegian says it's still hopes to raise cash by selling aircraft and other assets.

Norwegian Air may have to halt operations early next year.

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Norwegian Air begs for cash as bankruptcy looms

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    林宜悉 posted on 2020/11/13
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