This week’s featured link:
Norwegian’s bondholders accept debt relief plan – ch-aviation
Norwegian has once again found a way to burn enough furniture to make its way through the lean winter… it hopes. The bond repayment delay plan was accepted. In exchange for deferring the bond due date, the creditors now get Gatwick slots as collateral and a higher repayment amount. It’s a good deal for them, because without this one, Norwegian could have gone bust and they’d be left with nothing. For Norwegian, well, it’s just fewer unencumbered assets left to help fix things next time it runs into a cash crunch.
Two for the road:
Expedia and United Agree to Multiyear Contract Avoiding Messy Divorce – Skift
Is it wrong that I’m sad United and Expedia settled their dispute? I was really curious to see how this would have played out. But, oh well. Expedia users, rejoice.
What Really Brought Down the Boeing 737 Max? – The New York Times Magazine
William Langewiesche is back with a very long look at the piloting issues that contributed to the two 737 Max accidents. I find the detailed review of the Lion Air accident to be fascinating and incredibly damning of the airline. Get a hot cup of tea, sit down, and make sure you have enough time to get through it.