TRAVEL GAZETTE – Budget carrier Norwegian Air Shuttle has said it is not in any discussions with the International Airline Group (IAG) over a possible takeover of the Oslo-based company by the owner of British Airways.
“Norwegian has just been made aware that the IAG has acquired of 4.6 percent of the shares in Norwegian Air Shuttle ASA. Norwegian had no prior knowledge of this acquisition before it was reported by the media mid-morning Thursday,” it said in a statement.
“Norwegian has not been in any discussions or dialogue with IAG about the matter,” the company said, adding that it “believes that interest from one of the largest international aviation groups demonstrates the sustainability and potential of our business model and global growth.”
Norway’s public broadcaster NRK reported that IAG was considering submitting a bid to buy the whole Norwegian after it had bought 4.6 percent of the company.
Norwegian is the third largest low-cost carrier in Europe and the sixth largest low-cost airline in the world, the largest airline in Scandinavia.
The airline has continued to expand in the last few years. Earlier this year, it started flights to Buenos Aires and is looking at new routes including Tokyo, Shanghai, Beijing, Detroit and more Middle east destinations.