Norwegian fights for survival as predators circle
Bjorn Kjos, the 71-year-old CE of Norwegian Air Shuttle is facing a test of his sangfroid. The airline he helped out of bankruptcy a quarter of a century ago to become the pioneer of low-cost long-haul air travel, finds itself fought over by some of the biggest names of the industry in what could be a fractious takeover tussle. Lufthansa and IAG have both talked about buying Norwegian, Europe’s third-largest low-cost airline behind Ryanair and EasyJet. Kjos has said Ryanair has looked at making a bid but Michael O’Leary, Ryanair’s combative CE, has denied any interest. “Either Michael O’Leary or I have a bad memory. I know who it is,” said Kjos. O’Leary as well as some analysts and investors have even suggested lossmaking Norwegian could go bust soon. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-06-25/unaligned/norwegian-fights-for-survival-as-predators-circle
https://portal.staralliance.com/cms/logo.png
Norwegian fights for survival as predators circle
Bjorn Kjos, the 71-year-old CE of Norwegian Air Shuttle is facing a test of his sangfroid. The airline he helped out of bankruptcy a quarter of a century ago to become the pioneer of low-cost long-haul air travel, finds itself fought over by some of the biggest names of the industry in what could be a fractious takeover tussle. Lufthansa and IAG have both talked about buying Norwegian, Europe’s third-largest low-cost airline behind Ryanair and EasyJet. Kjos has said Ryanair has looked at making a bid but Michael O’Leary, Ryanair’s combative CE, has denied any interest. “Either Michael O’Leary or I have a bad memory. I know who it is,” said Kjos. O’Leary as well as some analysts and investors have even suggested lossmaking Norwegian could go bust soon. <br/>
