|Bid||56.10 x 6100|
|Ask||56.65 x 128200|
|Day's range||56.12 - 60.70|
|52-week range||30.00 - 827.00|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||N/A|
|Earnings date||20 Apr 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||224.45|
WASHINGTON (Reuters) -The chairman of the U.S. House Transportation and Infrastructure Committee on Wednesday urged the Biden administration to deny a permit for a new low-cost Norwegian carrier to enter the domestic market. Representative Peter DeFazio, in a statement released ahead of a hearing Thursday, urged Transportation Secretary Pete Buttigieg to deny Norse Atlantic permission to enter the U.S. market. Last week, Reuters reported the budget airline planned to fly from U.S. destinations such as New York, Los Angeles and Miami to European cities including London, Paris and Oslo, with a goal of launching its first flight in December this year.
Norwegian Air's shareholders voted in favour of the company's debt restructuring plan on Thursday, business news website E24 reported. More than 99% of shareholders supported the so-called scheme of arrangement, E24 reported, which will be voted on separately by several groups of creditors on Thursday and Friday. Norwegian Air was not immediately available for comment.
Norwegian Air submitted its final restructuring offer to creditors on Thursday in what the budget airline said was a major step in its plan to slash debt and reduce its fleet to survive the coronavirus pandemic. If approved by enough creditors and Ireland's High Court, the so-called scheme of arrangement will enable Norwegian to raise new capital and emerge from bankruptcy protection in Ireland and Norway. "This is an important milestone in the process of securing Norwegian's future," Chief Executive Jacob Schram said in a statement.