Norwegian Air gives Irish arm €250m boost

Norwegian Air gives Irish arm €250m boost
IAG broke off talks on Norwegian takeover. Pic: Getty

Norwegian Air, a large international carrier, is pumping $250 million into its Irish subsidiary as it continues to expand its operations here.

This latest tranche of funding brings the Nordic carrier’s total investment in Ireland to more than $750 million since it established its Irish subsidiary, Norwegian Air International (NAI), in 2013.

Return of allotments documents recently filed with the Companies Registration Office show the company has allotted 250 million shares, valued at $1 per share, to...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post