A report from Denmark’s Danske Bank says that Norwegian Air, the largest of the transatlantic discounters, could breach conditions of its debt if it doesn’t raise fresh capital by the end of the year.
Low cost transatlantic competitors Wow Air is teetering, and Primera has gone out of business. Norwegian operates both long haul and within Europe and is struggling through the most challenging time of year for a carrier in this hemisphere. How that will change the airline going forward remains to be seen.