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-12.08.25

AirborneNextGen-
12.09.25

Airborne-Unlimited-12.10.25

Airborne-FltTraining-12.04.25

AirborneUnlimited-12.05.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

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

Aero-News: Quote of the Day (12.07.25)

“This vote sends an undeniable message to Air Transat management: We are unified, resolute, and have earned a contract that reflects today’s industry standards, not the>[...]

ANN's Daily Aero-Linx (12.07.25)

Aero Linx: Beech Aero Club The Beech Aero Club (BAC) is the international type club for owners and pilots of the Beech Musketeer aircraft and its derivatives, the Sport, Super, Sun>[...]

NTSB Final Report: Lafferty Jack Sea Rey

While Landing In The River, The Extended Landing Gear Contacted The Water And The Airplane Nosed Over, Resulting In Substantial Damage Analysis: The pilot of the amphibious airplan>[...]

Classic Aero-TV: The B29 SuperFortress ‘Doc’ - History in Flight

From 2022 (YouTube Edition): Carrying the Legacy of The B-29 For Generations to Come We had a chance to chat with the Executive Director of B-29 Doc, Josh Wells, during their stop >[...]

Airborne 12.08.25: Samaritan’s Purse Hijack, FAA Med Relief, China Rocket Fail

Also: Cosmonaut Kicked Out, Airbus Scales Back, AF Silver Star, Russian A-60 Clobbered A Samaritan’s Purse humanitarian flight was hijacked on Tuesday, December 2, while atte>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC