Norwegian plans $353 million share issue

Norwegian plans $353 million share issue:

Norwegian will seek to raise NKr1.3 billion ($353 million) through a share issue to strengthen its balance sheet and increase its “financial flexibility”. The move is designed to support the carrier’s efforts to shift its strategic focus from “growth to profitability”. Norwegian, preliminary figures for which show posted an EBIT loss of around NKr3.8 billion […]

source http://www.ncairways.co/aviation/norwegian-plans-353-million-share-issue/