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Norwegian Air says debt reconstruction plan approved

OSLO, May 18 (Reuters) - Norwegian Air’s court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday.

No creditors have filed appeals against the scheme, which was overseen by courts in Norway and Ireland, and the plan is now final and binding, Norwegian said in a statement.

In order to complete the rescue on time, the carrier must raise new capital in an ongoing fundraising. ($1 = 8.2055 Norwegian crowns) (Reporting by Victoria Klesty, editing by Terje Solsvik)

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