Norwegian seeks further cash from investors

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Norwegian Air has uncovered designs for a $175 million bond issue.

The battling carrier said it trusted the move would raise enough money to address it issues through 2020 and past.

With mounting obligations and experiencing the establishing of its 18 Boeing 737 MAX flying machine, Norwegian has this year supplanted quick development with cost slicing in an offer to recover gainfulness.

A month ago Norwegian sold a stake in its future armada of flying machine to China Construction Bank.

“After the fruition of the exchanges, Norwegian is completely supported through 2020 and past dependent on the present strategy,” the transporter said in an announcement in the wake of exchanging on the Oslo Bourse was shut.

Bjørn Kjos not long ago ventured down as CEO of the carrier following 17 years as it kept on losing cash.

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