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Norwegian Air says it could run out of cash in early 2021

Pandemic-hit Norwegian Air could run out of cash in the first quarter of 2021 unless it secures fresh funding, the budget carrier said while reporting third-quarter results on Tuesday.

Passengers board a Norwegian Air plane in Kirkenes, Norway October 26, 2019. [Reuters]

The airline’s cash and cash equivalents stood at 3.4 billion crowns ($376 million) at the end of September, down from 4.98 billion crowns at the end of June.

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