Freight News, Air


BA owner ‘may buy Norwegian’

[ April 12, 2018   //   ]

British Airways owner IAG has bought a 4.61% stake in the carrier, which was intended to establish a position from which to initiate discussions with Norwegian, including the possibility of a full offer for Norwegian, it said. However, no such discussions had taken place to date. The loss-making airline’s long-haul routes could be attractive to the carrier, it says. Norwegian’s shares have soared as a result, it adds.

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