Norwegian Air reaches agreement to end 36 aircraft leases, court hears

Norwegian Air has withdrawn requests to repudiate a total of 36 aircraft leases after reaching agreement with the lessors in question as part of a restructuring process, Ireland's High Court heard on Tuesday. The budget airline was late last year given protection from bankruptcy in both Norway and Ireland, where most of its assets are registered, and is aiming to emerge from the process with fewer aircraft and less debt. (www.yahoo.com) More...