Shareholders voted 95% in favour to approve plans on Monday (4 May) for lenders and aircraft leasing firms to swap Norwegian’s debts for shares in the carrier.
The move was a vital part of the process to allow the low-cost airline to access government support and unlock 3 billion kroner (£230 million) in aid to help it through the coronavirus crisis.
Norway’s government had previously stated the bailout package would be dependent on the airline making itself solvent again and wiping out its debt. It has already received 300 million kroner from the government.
