OSLO, Dec 3 (Reuters) - Norwegian Air proposed on
Thursday a package of debt conversion, aircraft divestment and
sale of new equity in a bid to overcome the coronavirus pandemic
that has brought the company to the brink of collapse.
As part of the plan, the Oslo-based carrier, which recently
applied for bankruptcy protection in an Irish court, aims to
raise up to 4 billion Norwegian crowns ($455.4 million) from the
sale of new shares, it said in a statement.
($1 = 8.7843 Norwegian crowns)
(Reporting by Terje Solsvik, editing by Gwladys Fouche)