Saturday, 14 April 2018

'No plans' to sell to BA owner IAG, says Norwegian Air Shuttle boss

The boss of low-cost airline Norwegian has said he has no plans to sell it.
The words from chief executive Bjorn Kjos come the day after British Airways owner IAG (International Airlines Group) said it was considering making an offer to buy the carrier.
Mr Kjos, who is also Norwegian's main shareholder, said following a meeting of the group's investors: "I have not envisaged any sale.

"I have to underline that we have had a lot of approaches from different airlines."

On Thursday, IAG revealed it has acquired a 4.61% stake in the airline "to establish a position from which to initiate discussions, including the possibility of a full offer for Norwegian".

It said "no such discussions have taken place to date" and that "no decision" had been taken to make an offer, adding that "there is no certainty that any such decision will be made".
Norwegian had said in a statement that it had "no prior knowledge of this acquisition", adding it had "not been in any discussions or dialogue with IAG about the matter".

It said: "Norwegian believes that interest from one of the largest international aviation groups demonstrates the sustainability and potential of our business model and global growth."

Norwegian has had a major impact on the long-haul market in Europe, undercutting rivals on trans-Atlantic ticket prices.

BBC      News.

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