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Financial position improves but airline provides no profit guidance for this year due to uncertainty
Low-cost airline paid retention bonuses to both its current and its recently fired chief executives
Well-regarded financial chief Geir Karlsen chosen to complete carrier’s turnround
Several new carriers are taking to the skies as entrepreneurs spot opportunities amid the pandemic-ravaged market
New operators hope to muscle into an industry reeling from Covid losses — but are they flying by the seat of their pants?
Oslo coalition ‘positive’ about low-cost airline’s proposal to end long-haul flights and refocus on Nordic region
Low-cost airline’s plans to exit bankruptcy protection would all but wipe out existing shareholders
When things go badly, where a company calls home can matter
Airline to cut size of fleet and raise new money after filing for creditor protection
Airline becomes biggest aviation casualty of pandemic as it enters into Irish equivalent of Chapter 11
Pioneering airline’s future in doubt as government in Oslo refuses to give bespoke support
Airline needs money but Norway’s government rightly fears any cash injection would not be repaid
Norway’s government says further support for airline would not be a ‘sound’ use of taxpayers’ money
Imposition of Covid-19 related quarantines across Europe has dashed carrier’s recovery hopes
Low-cost airline also hits plane maker with biggest cancellation of troubled jet
Bank of China unit becomes shareholder as low-cost carrier seals state-backed rescue
The troubles of Bjorn Kjos and Petter Stordalen show the risks of aggressive debt-fuelled expansion
Lenders and lessors had little alternative but to accept the debt-for equity swap
Airline’s shareholders support plan to gain state-backed loan guarantees in move to avoid bankruptcy
Bleak forecast comes as the low-cost carrier pursues a $1.2bn debt-for-equity swap
Bailouts may save airlines that would have failed anyway
UK group in talks for urgent financing as other carriers scramble to weather cancellations
Airline’s debt levels and cash reserves raise fears it may breach bond covenants
Qantas warns slump will be ‘survival of the fittest’ as American, Delta and United lower forecasts
Analysts warn airline will have to raise fresh capital, prompting 27% fall in stock