Norwegian Air has burned through all its bailout money and is now headed into bankruptcy by Q1 2021.
The execs are just going through the motions to provide themselves with exit payments before filing for bankruptcy in early 2021.
NAS stock has no future as the company is up to its eyeballs in debt and a second wave of virus is on its way.
A sad goodbye to a...
Norwegian Air senior execs are now desperately pleading for additional funding to make it through the winter. Its not looking good. Sounds very much like the last gasps for air before bankruptcy proceedings start.
Competitor SAS has been bailed out by Denmark and Sweden, but Norwegian Air has already burned through its bailout from Norway.
All the healthier...