Twenty-four hours ago, after five months of bargaining, deal-making and intricate financial engineering, Kieran Wallace and his team at KPMG finalised a scheme of arrangement aimed at saving Norwegian Air from liquidation. Stretching to 246 pages, the scheme was dispatched to creditors at the airline, who will be asked to sanction its proposals. The restructure also involved two teams of lawyers and barristers in Dublin, a “reconstruction” and his team in Norway and lawyers in the US. If sanctioned, it will then go to the High Court for approval. Around the same time, Norwegian’s chief executive Jacob Schram issued an…

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