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IAG Statement on Takeover of Norwegian Air Shuttle ASA

IAG Statement on Takeover of Norwegian Air Shuttle ASA

The statement reads: “International Airlines Group (IAG) notes the recent press speculation that it is considering making an offer for Norwegian Air Shuttle ASA (Norwegian).

“IAG considers Norwegian to be an attractive investment and has acquired a 4.61% ownership position in Norwegian (minority investment).

“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 confirms that no such discussions have taken place to date, that it has taken no decision to make an offer at this time, and that there is no certainty that any such decision will be made.

“A further announcement will be made if appropriate.”

Willie Walsh, Chief Executive, IAG

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Michael Flood is the Editor of Ireland's leading travel industry publication, Irish Travel Trade News. With more than 35 years experience, he has accumulated an in-depth knowledge of the airline industry and the travel and tourism world.

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