INTERNATIONAL Airlines Grp, the parent company of British Airways, Iberia and Aer Lingus, has acquired a 4.61% stake in Norwegian Air Shuttle.
“The minority investment is intended to establish a position from which to initiate discussions with Norwegian, including the possibility of a full offer for Norwegian,” IAG cfo Enrique Dupuy de Lome said overnight.
“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.”
Source: traveldaily