IAG Buying Norwegian?
04-12-2018 | 02:35 AM
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IAG Buying Norwegian?
IAG, the parent company of British Airways, Iberia, Aer Lingus, Vueling, and Level, has purchased a minority share and have announced they are considering making an offer for Norwegian.
https://www.flightglobal.com/news/ar...keover-447639/
https://www.flightglobal.com/news/ar...keover-447639/
04-12-2018 | 04:10 AM
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From: B-767 capt
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 jumped by as much as 26% on news of a possible tie-up before trading was suspended on the Oslo Stock Exchange.
According to reports, IAG wants to boost its market share amid increasing competition from low-cost carriers.
Norwegian declined to comment.
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.
However, it said no discussions have taken place and it has not decided whether to make an offer.
Shares in Norwegian jumped by as much as 26% on news of a possible tie-up before trading was suspended on the Oslo Stock Exchange.
According to reports, IAG wants to boost its market share amid increasing competition from low-cost carriers.
Norwegian declined to comment.
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.
However, it said no discussions have taken place and it has not decided whether to make an offer.
04-13-2018 | 04:37 AM
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From: B-737NG preferably in first class with a glass of champagne and caviar
You may not be old enough to remember Frank Lorenzo, and what he did to Eastern Airlines.
US carriers are subtle as to what they are doing to shave expenses and increase profit margins in the name of code sharing which in fact is outsourcing de facto.
04-13-2018 | 04:50 AM
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04-13-2018 | 06:34 AM
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From: Sitting SC at the Five Towns
I don’t think airlines are in this business, however. And I’m not sure you can cost cut at a ULCC.
04-13-2018 | 07:52 AM
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