Norwegian Says 'No' To IAG Takeover Bid | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Wed, May 09, 2018

Norwegian Says 'No' To IAG Takeover Bid

Says The Larger Group Is Undervaluing The Budget Carrier

International Airline Group has tendered two offers to take over Norwegian Airlines, which the budget carrier has rejected saying that the offers "undervalue" the airline.

Buying Business Travel reports that IAG, which owns both British Airways and Iberia, acquired a 4.61 stake in Norwegian in April specifically to establish "a position from which to initiate discussions" for a takeover bid. And while Norwegian did post a net loss in 2017, the carrier's recently-implemented strategy of strategic investments, adding new routes, and updating its fleet seem to be making a difference. Norwegian's first quarter results showed some improvement over the previous year.

IAG released a statement saying that it had failed to reach an agreement with Norwegian and was "considering its options" going forward.

(Image from file)

FMI: Original report

Advertisement

More News

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

ANN's Daily Aero-Linx (05.11.24)

Aero Linx: Pararescue Air Force Pararescuemen, also known as PJs, are the only DoD elite combat forces specifically organized, trained, equipped, and postured to conduct full spect>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC