An examiner was appointed to the airline, which owes its creditors some US$5 billion and several of its subsidiaries last month.
The judge had earlier adjourned the application to Friday evening to allow any of the airline's creditors an opportunity to air any views or objections they might have regarding the application to wind up TLL. TLL, along with other Irish registered Arctic Aviation Assets DAC, Norwegian Air International Ltd, Drammensfjorden Leasing Ltd and Lysakerfjorden Leasing Ltd, were granted the protection of the Court from their creditors late last year.
Mr Wallace is in the process of putting together a scheme of arrangement with the airline's creditors, which if approved by the High Court, will allow Norwegian to continue to trade as a going concern. On Friday, Declan Murphy Bl for the airline group said it was not opposed to the examiner's application regarding TLL, and added that it would "save time and money" to appoint Mr Wallace and Mr O'Leary as TLL's liquidators.
Late last year, Norwegian's board of directors petitioned the Irish courts for the appointment of an examiner who could put together a survival plan based on factors including that the group's core business is good.