News

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

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Michael Flood is an experienced travel expert with over 35 years' experience of the airline industry and the travel and tourism world.

More in News

Welcome to Spotlight: ITTN’s Focus on the Industry

Fionn DavenportFebruary 26, 2021

Discover Northern Ireland Celebrates Women in Tourism on International Women’s Day

Fionn DavenportFebruary 26, 2021

ITB Berlin NOW Convention: Rethinking Tourism

Fionn DavenportFebruary 26, 2021

Atlantis Aquaventure in DubaI Expands by a third

Michael FloodFebruary 26, 2021

Aer Lingus Lost €563m in 2020

Fionn DavenportFebruary 26, 2021

Amadeus to Distribute IAG Content via NDC Standard

Fionn DavenportFebruary 26, 2021

Irish Ghosts & Ghouls – A Live Webinar

Fionn DavenportFebruary 26, 2021

Aer Lingus Appoints New Chief Executive

Sharon JordanFebruary 26, 2021

Lufthansa To Launch New Frankfurt Service From Cork Airport For Summer 2021

Fionn DavenportFebruary 26, 2021

Copyright © 2021 ittn