March 12 (Reuters) - Norwegian Air Shuttle ASA NAS.OL:
WILL APPEAL EU ETS RULING TO SUPREME COURT
COURT OF APPEAL HAS TODAY RENDERED ITS DECISION IN PROCEEDINGS. COURT UPHELD MINISTRY'S APPEAL, FINDING THAT NORWEGIAN WAS OBLIGED TO FULFIL ITS EU ETS OBLIGATIONS FOR 2020 IN FULL, IRRESPECTIVE OF RECONSTRUCTION
COURT ALSO RULED THAT PENALTY IMPOSED FOR FAILURE TO MEET EU ETS OBLIGATIONS FOR 2020 WAS VALID
JUDGEMENT FROM COURT OF APPEAL DOES NOT ALIGN WITH JUDGEMENT OF OSLO DISTRICT COURT, NOR WITH VIEWS OF OTHER STAKEHOLDERS AND EXPERTS
WE ARE DISAPPOINTED AND SURPRISED
DOES NOT EXPECT TO MAKE ANY ADDITIONAL PROVISIONS FOLLOWING VERDICT FROM COURT OF APPEAL
Further company coverage: NAS.OL
(Reporting By Oslo newsroom)
((terje.solsvik@thomsonreuters.com;))