High Court extends protection period for Norwegian Air

Last month, the court appointed Mr Wallace as examiner to Norwegian, which owes its creditors US$5Bn, and four Irish-based subsidiaries.

The examiner Mr Kieran Wallace of KPMG said he "remains confident" that the Norwegian Air airline can survive as a going concern if certain steps are taken.

The High Court has formally extended the period of protection granted to the Norwegian Air airline and three related subsidiaries from its creditors to the maximum of 100 days.

In a report furnished to the court today, the examiner Mr Kieran Wallace of KPMG said he "remains confident" that the airline can survive as a going concern if certain steps are taken.