September 16, 2019 / 12:03 PM / a month ago

Norwegian Air's bondholders back debt relief plan

OSLO, Sept 16 (Reuters) - Norwegian Air’s bondholders have accepted the company’s plea to postpone repayment of $380 million by up to two years, the carrier said on Monday, providing the loss-making airline some financial relief.

In return, Norwegian has promised to pay a premium on the bonds while also pledging lucrative take-off and landing slots at London’s Gatwick Airport as security. (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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