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Norwegian Air Shuttle Wins Legal Battle Over EU ETS Penalties

Norwegian Air Shuttle Wins Legal Battle Over EU ETS Penalties

Norwegian Air Shuttle ASA (GB:0FGH) has released an update.

Norwegian Air Shuttle ASA has been granted a legal victory by the Oslo District Court, which ruled that penalties imposed for not fulfilling EU ETS obligations during its reconstruction were unlawful. The court’s decision allows Norwegian to reclaim the NOK 400 million penalty plus interest and compensation for legal costs. This outcome enables the airline to focus on its climate footprint reduction efforts.

For further insights into GB:0FGH stock, check out TipRanks’ Stock Analysis page.

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