Tuesday February 25, 2020

Norwegian Air gives Irish arm €250m boost

11th February, 2018
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,...

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