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Norwegian Air to raise more money than planned, CEO says

OSLO, April 14 (Reuters) - Norwegian Air now aims to raise up to 6 billion crowns ($711 million) in fresh capital before emerging from bankruptcy protection next month, more than the 4.5 billion originally planned, the company said on Wednesday.

“We want to take a conservative approach at a time when the pandemic and travel restrictions continue to create unpredictability in the travel sector,” Chief Executive Jacob Schram said in a statement.

$1 = 8.4380 Norwegian crowns Reporting by Terje Solsvik, editing by Gwladys Fouche

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