Norwegian Air's debt plan sharply dilutes stake of current owners

OSLO (Reuters) - Norwegian Air's proposed financial rescue plan could leave current shareholders with a combined ownership stake of just 5.2%, details of its proposed debt-to-equity swap showed on Monday.If approved by bondholders, leasing companies and shareholders, the plan could help Norwegian survive the coronavirus outbreak, which has grounded 95% of its fleet, with just 7 aircraft left in operation.The company aims to gradually emerge from the crisis, with a return to normal operations in..