Norwegian Air's stock fell by nearly 50 percent on Monday morning after the company published the final issue outcome in the complex debt restructuring that is now being implemented.

The decline eased during the morning and after an hour of trading the fall had been halved. The restructuring means that over 3 billion new shares will come onto the market, as debts are converted into shares and end up in the hands of Norwegian's creditors, investors and leasing partners.

Several analysts have expressed doubts that the stock can find a stable benchmark before all shares have been released to the market and it is possible to assess how they act with their holdings. 

In addition, there are significant risks that large parts of the company will be owned by leasing companies that may not intend to sit on their hands, or on the shares for that matter.