Airline wins support in battle with ESA

GUEST COMMENTARY: Norway’s regional airline Widerøe is currently in the midst of defending itself against a potentially punitive and expensive regulatory action from the European Free Trade Association (EFTA)’s competition authority (ESA). The small airline, which took expensive corrective action of its own many years ago to help it operate safely in and out of […]

Norwegian Air stock takes new dive

Shares in Norwegian Air, which has been the target of a potentially hostile takeover, took a dive on Friday after its suitor claimed it wasn’t interested in a forced marriage after all.  The airline, which has been subjected heavy turbulence in recent weeks, saw its shares fall around 10 percent Friday, when many Norwegians were […]

Airline must answer ESA charges

Widerøe, the Norwegian airline that serves many small airports with short runways around the country, has until July 3 to respond to formal charges from European competition authorities. Widerøe has been accused of misusing its market position to secure its state-subsidized routes. The European Free Trade Association (EFTA’s) Surveillance Authority (ESA) has arrived at a […]

Norwegian shares dive on IAG bids

Norwegian Air stock was in a tailspin Friday morning after news broke that the airline’s board had received and rejected two “separate conditional bids” from International Airlines Group (IAG), which owns British Airways. IAG offered to take over the entire company, but failed with both bids. That sent the value of Norwegian Air shares, which […]

Analysts split on Norwegian Air takeover

Debate is now flying over whether Norwegian Air will in fact be subjected to a hostile takeover bid, and over what the share price offer may be. Not much has happened since International Airlines Group (IAG) put Norwegian’s stock in play last month. The Oslo-based airline’s share price has doubled after IAG announced it had […]

More investors flag interest in Norwegian

The International Airlines Group (IAG) isn’t the only one interested in Norwegian Air. The company, which reported another loss on Thursday, revealed it also has been approached by others after IAG reported it had bought up 4.6 percent of Norwegian’s stock. The airline noted in its report on first-quarter results that its board has now […]

Norwegian Air’s shares flying high

Share trading in Norwegian Air stock really took off again on Wednesday, still flying high on the prospect of a takeover bid for the airline from the owner of British Airways. Shares were up by another 7 percent after crossing the NOK 300 mark, and boosting the entire Oslo Stock Exchange to a new high. […]

New trouble lands on Norwegian’s fleet

Norwegian Air’s major owners and management are already facing turbulence over a pending takeover bid. Now they need to deal with new problems tied to the airline’s fleet of Boeing 787 Dreamliner aircraft that may cause more delays and cancellations for Norwegian Air passengers. Rolls-Royce, producer of the Dreamliner motors on more than half of […]

Norwegian’s boss will decide its fate

NEWS ANALYSIS: Bjørn Kjos, who has remained firmly in command of Norwegian Air, has suddenly found himself facing a potentially lucrative offer for the airline he founded from the owner of British Airways. As Norwegian’s shares continued to soar heading into the weekend, many think a takeover could also cure Norwegian’s chronic operating ailments and make […]

Norwegian soars on possible takeover

UPDATED: Stock in Oslo-based Norwegian Air was soaring on Thursday after news bureau Bloomberg reported on a possible purchase offer from the owner of British Airways, IAG. Shares in Norwegian Air Shuttle were up more than 22 percent by midday and flew even higher just an hour later. Bloomberg reported that IAG was evaluating an […]