Norwegian Air Set to Emerge From Bankruptcy After Raising $714 Million

Norwegian Air (whose jet is pictured here above LAX) is set to emerge from bankruptcy this week. Glenn Beltz / Flickr

Skift Take: Gone is its once lucrative long-haul business, and much of its workforce, but Norwegian Air defies the odds as it puts a complex restructuring behind it. Still, Europe's uncertain travel situation this summer could be the next big headache for the carrier.

— Tom Lowry

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