Norway plans $1.9 bln extra pandemic spending, including Norwegian Air

Norway's government on Friday proposed 16.3 billion Norwegian crowns ($1.9 billion) in extra fiscal spending this year to aid municipalities and businesses struggling as a result of the COVID-19 pandemic, the finance ministry said.

The proposed package included 1.5 billion crowns for a hybrid loan to Norwegian Air, which is undergoing financial restructuring, provided that an agreement is reached on the terms, and pending parliament's approval.