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  • The shareholders of Norwegian Air Shuttle on Monday adopted a rescue plan allowing the low-cost company to obtain public guarantees and continue to operate as the airline industry struggles under the impact of the COVID-19 pandemic, Norwegian media reported. The rescue plan includes the conversion of around 10 billion Norwegian kroner ($961 million or 880 million euros) of debt held by bondholders and leasing companies into equity. It will be followed a capital increase of between 300 and 400 million kroner. phy/jll/spm
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  • Norwegian Air Shuttle shareholders approve rescue plan
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