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Nov 10 2020, 08:10 GMT
Norwegian Air
Liquidity risk must be tackled
- Sectors : Airlines
- Companies : Norwegian Air
DAVY VIEW
Norwegian’s financials remain strained. The company will need liquidity in Q1 2021 and, while this will not come from the Norwegian government, representing a significant setback, yesterday’s developments on the vaccine front will remind external investors of the more normalised demand trends that Norwegian hopes to be around to benefit from. However, competitive actions by Wizz and a new airline in Norway suggest that others are not certain that the difficulties ahead can be easily bridged.
