Timeline: Norwegian Air targets relaunch with debt-for-equity deal [Reuters]
JetBlue Airways Corporation (JBLU)
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Source: Reuters
Timeline: Norwegian Air targets relaunch with debt-for-equity deal (Reuters) - Norwegian Air ( NWC.OL ) plans to convert up to $4.3 billion of its debt into equity and to issue new shares as it seeks to stay in business following the COVID-19 outbreak that has grounded almost all of its fleet. Growing rapidly in the last decade to become Europe’s third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian had accumulated debts and liabilities of close to $8 billion by the end of 2019. Following are key dates in the company’s 27-year history. March 24: The airline receives an initial government cash injection of 300 million Norwegian crowns ($29 million). March 16: Norwegian says it is cancelling 85% of its flights and temporarily laying off 7,300 employees because of the coronavirus outbreak. March 5: Company scraps its 2020 earnings guidance and cancels some of its transatlantic flights. Feb 13: Norwegian says it will make deeper
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JBLU
Earnings
- 10/28/25 - Beat
JBLU
Sec Filings
- 12/2/25 - Form 8-K
- 11/12/25 - Form 144
- 11/6/25 - Form 4
- JBLU's page on the SEC website