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GARDERMOEN (Aftenposten / E24): A few hours before the destination’s meeting with shareholders, Norwegian passengers checked in on what could be some of the company’s latest flights.
Oil worker Tom Erland Tømte (45) from Biri expects Norwegian to join.
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– I noticed that I had only received a one-way ticket today, says Tom Erland Tømte (45). The offshore worker will go with the Norwegian morning route to Værnes airport, for a two-week work trip to Trondheim.
– Generally, the company requests a return ticket. But this time there may be a train or rental car at home, says Tømte.
As an oil worker, he has used the Norwegians’ domestic supply diligently for many years. Empty thinks it’s a shame if the company doesn’t survive the day.
– It would be stubborn if Norwegian files for bankruptcy. There will be less competition in the travel market and prices will go up. I hope they join us, says Tømte.
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Tomorrow destination for the airline
It has been a dramatic weekend for the Norwegian. The company is badly affected by the crown crisis and is now waging an intense battle to gain access to an additional NOK 2.7 billion in state emergency aid.
It requires the company to raise capital, and the past few days, the administration has been in difficult negotiations with lenders and leasing companies. On Monday, they will meet with shareholders, who can decide whether the airline will survive.
If shareholders vote against the company’s bailout plan, it could mean the hook on the door.
On Monday morning, seven Norwegian flights, all nationwide, were listed on the Oslo Gardermoen airport departure board before 10 a.m. 08.30. Then the fateful meeting begins.
Norwegian passenger Tømte believes there are good reasons to save as many companies as possible from bankruptcy during the crown crisis.
– It’s about jobs. If we don’t help, it will only get worse for everyone, says Tømte.
Biologist Sigrid Skrivervik Bruvoll (30) believes that we can tolerate more expensive airline tickets.
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– We can support more expensive airline tickets
– It is not the most important thing in the world for me that Norway survives, says Sigrid Skrivervik Bruvoll (30). She is a biological consultant and goes to Stavanger with Norwegian.
– If the company goes bankrupt and it becomes more expensive to fly, then I think we can resist it, says Skrivervik Bruvoll.
She thinks the crown crisis has shown that we are really well equipped to travel less. Home office and digital meetings have worked well, even for someone who works on nature mapping.
– For me, working in the forest, I see this problem from the ecosystem perspective. It’s kind of ironic that airlines are struggling the most, when it’s largely our journey that has caused this virus to spread so fast, she says.
Paul Tveiten (33) was on his way to Sola airport with Norwegian when Norwegian was on his way to Monday’s shareholders meeting. The tweet says he might as well have traveled with another company.
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– Is another airline coming?
Nor is mechanical engineer Paul Tveiten (33), who is heading to Sola airport, worried about what could be one of Norway’s last flights to Stavanger, if the company could go away.
– I have no feelings for the company. If it’s not Norwegian, there will be another airline, says Tveiten.
He adds:
– I really don’t understand why you are considering saving a company that has played a game as high as Norwegian has.
– Don’t you think it can be more expensive and more difficult to travel?
– I think if it becomes more expensive to travel, then we have to adapt, says Tveiten.
Confirm agreement with leasing company
Just half an hour before the general meeting begins, Norwegian confirms that they have signed an agreement with the leasing companies.
The company writes that it has “received strong support” from leasing companies for the conversion of $ 730 million (NOK 7.6 billion) into shares. This is an increase from the previously announced $ 550 million.
Leasing companies are owners of flights that lend planes to airlines. A considerable proportion of the Norwegians’ planes are borrowed from these companies.
“A significant proportion” of the leasing companies should have given their support to the refinancing proposal. The company will continue to discuss with others for further conversion of debt into shares.
In this context, the company expects to exceed the capital ratio of 8%, which is required for the company to have access to all the support in the state guarantee scheme.
