Norwegian Air’s founder sells more shares, cutting stake in half

OSLO (Reuters) – The founder of Norwegian Air (NWC.OL) and its ex-CEO, Bjoern Kjos, and its former chairman, Bjoern Kise, have cut their joint stake in the carrier to just 4.64%, they said on Tuesday, down from 9.99% a week ago.

Kjos and Kise, who are no longer involved in the management of Norwegian, have gradually cut their stake in the company, which is now seeking government aid in a bid to overcome the coronavirus crisis.

Reporting by Terje Solsvik, editing by Gwladys Fouche

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