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Norwegian applies to repudiate lease agreements

Summary

The Norwegian Airline group has applied to the High Court for orders repudiating over 30 leasing agreements for aircraft. The group's application was mentioned before Mr Justice Michael Quinn on Thursday. The group's parent company and three Irish subsidiaries have been granted court protection and the examiner Mr Kieran Wallace is currently putting together a scheme of arrangement, which if approved by the court will allow the airline continue as a going concern. The airline, which has announced that it is to end long‑haul flights and reduce to number of routes it had previously flown, is seeking to have lease agreements for some 36 aircraft repudiated by the court. Brian Kennedy SC, for the airline, told the court that the repudiation of these lease agreements needed to be done as a matter of urgency.

Who, what, where, when and why

What: Report matter: Norwegian applies to repudiate lease agreements. Procedural stage: hearing_or_decision

When:

• 2021-01-28 Publication

Places mentioned

Topics

Stage Hearing Or Decision

Read the original CNI report