Thursday, 12 April 2018

British Airways owner International Airlines Group considers Norwegian bid



British Airways owner International Airlines Group (IAG) has confirmed that it is exploring a potential acquisition of low-cost carrier Norwegian Air Shuttle.

 
Shares in Norwegian Air Shuttle jumped by as much as 26% on news of a possible tie-up.


According to reports, IAG wants to boost its market share amid increasing competition from low-cost carriers.


IAG said it had bought a minority stake in the airline with a view to opening talks about a deal.
"The minority investment is intended to establish a position from which to initiate discussions with Norwegian, including the possibility of a full offer for Norwegian," IAG said.





BBC     News.