Tag urgent

Airlines

Norwegian in urgent need of more capital from 2021

Norwegian will need additional working capital in Q1 of 2021 if it is to meet its obligations in the coming twelve months. If it fails to succeed “there is a significant risk that the company becomes insolvent and enters into…

Richard Schuurman
August 28, 2020
1 Comment

Emirates

Emirates ends 32 years of profit with urgent need for cash

Emirates ended its fiscal year 2019-2020 with a Group profit of AED 1.7 billion ($0.5 billion), but unless a miracle happens this has been the 32nd and last consecutive year in profit for the Dubai-based airline group. Emirates has been…

Richard Schuurman
May 10, 2020