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Your email address will not be published.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 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.

More in News

Canary Islands Introduce Travel Assistance Policy to Cover Visitors for Covid-19 Expenses

Neil SteedmanAugust 6, 2020

Travellers using Dubai hub need to carry a negative COVID-19 test document

Michael FloodAugust 5, 2020

Virgin Atlantic Airlines files for bankruptcy in New York

Michael FloodAugust 5, 2020

WTM London and Travel Forward Reveal Extensive Plans for 2020

Neil SteedmanAugust 4, 2020

ITAA Forms Supplier Council for Affiliate Members

Neil SteedmanAugust 4, 2020

Global Borders Slowly Reopening UNWTO Research Reveals

Neil SteedmanAugust 4, 2020

WTTC Calls On Governments to Implement Comprehensive Testing Facilities at Airports

Neil SteedmanAugust 4, 2020

Topflight announce redundancies as a result of their Strategic Review

Michael FloodAugust 4, 2020

TUI closing 166 shops in the UK and Ireland

Michael FloodAugust 4, 2020

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland