Norwegian Air Shuttle bondholders/stockholders agree to deal

IF the airline survives, it looks like they will not be providing the cheap trans Atlantic flights that many here had found attractive.

From what I've read, Norway's government is not providing Norwegian Air loan guarantees with the intention of preserving the point-to-point long-haul discount model; it's more to preserve flights that touch Norway (which may include a limited number of transatlantic routes that have a high likelihood of being profitable).

Matter of fact is that no low-cost airline has 'cracked' the code to not only survive but thrive on Transatlantic routes, be them to North or South America. There are also no established low-cost carrier on Transpacific routes from either continent (although Oceania => South America is very thin market anyway).

I think Norwegian will survive as an operator of narrow-body flights to/from Scandinavia.

Else, I think they will close their bases in London Gatwick. Berlin and Spain.

https://www.reuters.com/article/us-health-coronavirus-norwegianair/norwegian-air-to-sell-new-shares-at-close-to-80-discount-idUSKBN22H2D5

For the next 12 months, Norwegian plans to fly only seven aircraft, all on domestic routes in Norway, targeting a gradual expansion next year and a return to normal operations in 2022, albeit with a reduced short-haul and long-haul network.