Norway's credit for airlines gets regulatory approval

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The guarantees, worth up to 6 billion Norwegian crowns ($574 million), will be given primarily to Norwegian Air (OL:NWC), SAS (ST:SAS) and local carrier Wideroe to help alleviate the impact from the coronavirus outbreak.

Norwegian Air, which could get up to 3 billion, must first meet a range of conditions, including that financial creditors would not be paid while financial guarantees are in place.