The crisis-stricken airline Norwegian's shares plummeted today on the Oslo Stock Exchange - down over 40 percent.

The company announced its crisis plan on Thursday - a plan that is based, among other things, on the owners having to approve a radical debt restructuring in which loans are converted into shares.

Almost all of the company's aircraft are currently grounded, and around 90 percent of employees have been laid off as a result of the corona crisis.

A decision on a possible debt restructuring will be made at an extraordinary general meeting on May 4. If it is adopted, Norwegian may be entitled to Norwegian government loan guarantees.

During the morning, the share price recovered slightly to a fall of just over 30 percent.

Source:ekot.se