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Saturday, April 20, 2024

‘More interest’ in Norwegian Air

Norwegian Air Shuttle (NAS) reported on Monday that it still had not received any binding offer from IAG, owners of British Airways and other airlines, for shares in Norwegian Air, which flies domestic, European and, more recently, intercontinental routes. The airline’s parent claimed it had received interest in its shares from other parties. 

IAG reported in April that it had bought up nearly 5 percent of NAS’ stock and wanted to bid for the entire company. That hasn’t happened yet, but newspaper Dagens Næringsliv (DN) reported that NAS itself now reports that it has been contacted by “several” other parties that have expressed interest in NAS’ shares, possible mergers, structural transactions, financing NAS and other forms of operational or economic cooperation.

NAS itself stressed in its own report that as of Monday, it had not entered into any agreements or specific conversations related to the interest. Norwegian Air was also seeking further information and clarification in order to decide whether there was any basis for further talks. staff



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