{"id":2887,"date":"2018-10-25T08:37:16","date_gmt":"2018-10-25T13:37:16","guid":{"rendered":"http:\/\/planesintheair.com\/?p=2887"},"modified":"2018-10-25T08:37:16","modified_gmt":"2018-10-25T13:37:16","slug":"norwegian-air-deal-for-potential-1-bln-cash-infusion","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=2887","title":{"rendered":"Norwegian Air Deal For Potential $1 bln Cash Infusion"},"content":{"rendered":"<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"11\"><span style=\"font-size: 12pt; font-family: Tahoma, Arial, Helvetica, sans-serif;\">Oct 25 (Reuters) &#8211; Norwegian Air Shuttle ASA is closing in on a deal to provide a potential $1 billion cash infusion to help it navigate increasing fuel prices and the slow winter period, Bloomberg reported on Thursday, citing people familiar with the matter.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"12\"><span style=\"font-size: 12pt; font-family: Tahoma, Arial, Helvetica, sans-serif;\">The company said it is in &#8220;advanced discussions&#8221; with an unnamed partner to create a fleet joint venture that would take over cash obligations on its large aircraft order book, according to reports.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"13\"><span style=\"font-size: 12pt; font-family: Tahoma, Arial, Helvetica, sans-serif;\">The potential deal will include an initial 8 billion Norwegian krone injection to help the Oslo-based carrier cover for payments it has made for Boeing Co and Airbus SE aircraft, Bloomberg reported.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"14\"><span style=\"font-size: 12pt; font-family: Tahoma, Arial, Helvetica, sans-serif;\">Norwegian Air declined to comment.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"14\"><span style=\"font-size: 12pt; font-family: Tahoma, Arial, Helvetica, sans-serif;\">(Reporting by Rishika Chatterjee in Bengaluru; Editing by Shounak Dasgupta)<\/span><\/p>\n<p data-reactid=\"14\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-2888\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/10\/Norwegian-Air-300x169.jpg\" alt=\"\" width=\"772\" height=\"435\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/10\/Norwegian-Air-300x169.jpg 300w, https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/10\/Norwegian-Air-768x432.jpg 768w, https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/10\/Norwegian-Air-1024x576.jpg 1024w, https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/10\/Norwegian-Air.jpg 1920w\" sizes=\"auto, (max-width: 772px) 100vw, 772px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oct 25 (Reuters) &#8211; Norwegian Air Shuttle ASA is closing in on a deal to provide a potential $1 billion cash infusion to help it navigate increasing fuel prices and the slow winter period, Bloomberg reported on Thursday, citing people familiar with the matter.<br \/>\nThe company said it is in &#8220;advanced discussions&#8221; with an unnamed partner to create a fleet joint venture that would take over cash obligations on its large aircraft order book, according to reports.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[798,797,89,799,1397,868,1103],"tags":[539,47,464,645,1942,41,2002,447,1020,1483,2000,2003,412,97,995,1513,1288,1759,2001],"class_list":["post-2887","post","type-post","status-publish","format-standard","hentry","category-airbus-news","category-airline-news","category-aviation-news","category-boeing-news","category-stock-news","category-transportation-news","category-travel-news","tag-air","tag-airbus","tag-aircraft","tag-ba","tag-bloomberg","tag-boeing","tag-book","tag-deal","tag-eadsy","tag-fleet","tag-joint","tag-krone","tag-news","tag-norwegian","tag-order","tag-oslo","tag-reuters","tag-shuttle","tag-venture"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/2887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2887"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/2887\/revisions"}],"predecessor-version":[{"id":2889,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/2887\/revisions\/2889"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}