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IAG considering making offer for Norwegian Air Shuttle worth $1.2 billion

Staff Writer |
IAG said it is considering making an offer for Norwegian Air Shuttle, a low-cost carrier worth about $1.2 billion.

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IAG said that it has acquired a 4.61 percent stake in Norwegian and that it planned to start talks with the airline which included the possibility of making a full offer.

“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,” IAG said in its statement.

Norwegian said in its statement on Thursday that it had no prior knowledge of IAG’s actions, but welcomed the investment.

“Norwegian believes that IAG’s interest in the company confirms the sustainability and potential of our business model and global growth,” it said.

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