Norwegian Air could soon run out of cash unless debt plan approved

OSLO (Reuters) - Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday.If approved by bondholders, leasing companies and shareholders, the plan may help Norwegian survive the coronavirus outbreak, which has grounded 95% of its fleet, leaving just 7 aircraft in operation.But the planned debt-to-equity swap will hand majority ownership of 53.1% to the company's lessors, while..