Facing coronavirus woes, SAS and Norwegian Air get financial lifelines
The two airlines, which together serve much of the European Arctic, both secured deals to keep them afloat as COVID-19 halts most air travel.
STOCKHOLM/OSLO — Scandinavian airline SAS said on Tuesday it had signed a government-backed bailout deal, a day after regional rival Norwegian Air narrowly avoided bankruptcy through a last-minute debt-to-equity agreement with creditors and shareholders.
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