Norwegian's restructuring process in Ireland was approved by the High Court in Dublin on Friday. The decision means that the same proposal will be sent for approval in Norway. The company will then work on a capital raising process with the aim of having it completed by the end of May.

This is stated in a press release.

”"We are really pleased that the Irish court has approved Norwegian's restructuring in Ireland. We now have the ticket we need to be able to proceed with the restructuring in Norway and raise new capital," says Jacob Schram, CEO of Norwegian.

Source: Nyhetsbyrån Direkt