BA can keep Norwegian waiting on deal
The future of supercheap trans-Atlantic airfares is hanging in the balance as Norwegian Air and IAG spar over a possible deal. IAG has time on its side. CE Willie Walsh said Friday the company was “considering all its options” for the 4.6% stake in Norwegian it announced last month. Having made 2 unsuccessful bids for the company, Walsh repeatedly emphasised the word “all” in a call Friday with investors, as if to suggest IAG might just walk away. Asked whether Norwegian’s growth plan was sustainable, he flatly said “no.” The target responded asserting that both IAG’s bids “undervalued Norwegian Air Shuttle and its prospects.” Walsh may have time on its side. Norwegian’s Q1 results were poor, and it is less hedged than peers against rising fuel prices. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-07/oneworld/ba-can-keep-norwegian-waiting-on-deal
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BA can keep Norwegian waiting on deal
The future of supercheap trans-Atlantic airfares is hanging in the balance as Norwegian Air and IAG spar over a possible deal. IAG has time on its side. CE Willie Walsh said Friday the company was “considering all its options” for the 4.6% stake in Norwegian it announced last month. Having made 2 unsuccessful bids for the company, Walsh repeatedly emphasised the word “all” in a call Friday with investors, as if to suggest IAG might just walk away. Asked whether Norwegian’s growth plan was sustainable, he flatly said “no.” The target responded asserting that both IAG’s bids “undervalued Norwegian Air Shuttle and its prospects.” Walsh may have time on its side. Norwegian’s Q1 results were poor, and it is less hedged than peers against rising fuel prices. <br/>
