OSLO (Reuters) - Norway's planned government credit guarantee for airlines can be implemented immediately after it received a green light by the EFTA Surveillance Authority (ESA), the Industry Ministry and ESA said on Tuesday.
The guarantees, worth up to 6 billion Norwegian crowns ($574 million), will be given primarily to Norwegian Air
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.
(Reporting by Terje Solsvik; editing by Jason Neely)
