Norwegian Air says takeover interest validates business model
Budget carrier Norwegian Air remains confident of its business model, its CE said Tuesday, less than a week after the company said it had rejected two takeover proposals from British Airways owner IAG. IAG last month took a 4.6% stake in the airline, which in turn triggered interest from other suitors, according to earlier statements from Norwegian’s board. “Acquisition interest from several parties confirms the sustainability of the business model,” CE Bjoern Kjos said. Loss-making Norwegian is in the midst of a massive transatlantic expansion aimed at turning around the company’s fortunes by replicating the low-cost model that worked for European flights. Analysts on average expect the airline’s revenue to grow by an 84% between 2017 and 2020 to US$7b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-09/unaligned/norwegian-air-says-takeover-interest-validates-business-model
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Norwegian Air says takeover interest validates business model
Budget carrier Norwegian Air remains confident of its business model, its CE said Tuesday, less than a week after the company said it had rejected two takeover proposals from British Airways owner IAG. IAG last month took a 4.6% stake in the airline, which in turn triggered interest from other suitors, according to earlier statements from Norwegian’s board. “Acquisition interest from several parties confirms the sustainability of the business model,” CE Bjoern Kjos said. Loss-making Norwegian is in the midst of a massive transatlantic expansion aimed at turning around the company’s fortunes by replicating the low-cost model that worked for European flights. Analysts on average expect the airline’s revenue to grow by an 84% between 2017 and 2020 to US$7b. <br/>
