IAG says uninterested in Norwegian Air after bid-plan report

British Airways owner IAG said it has no plans to revive a bid for discount rival Norwegian Air Shuttle following a Spanish report that an offer was likely to be made in the next 15 days. The airline group intended to make an approach worth about $1.2b, according to Okdiario newspaper. That’s based on a share price of 70-85 kroner, almost double Norwegian’s current market value of $652m. Okdiario said JPMorgan was advising on the deal. “We have said many times in the past few months that we are no longer interested in Norwegian Air,” IAG spokeswoman Laura Goodes said Friday. “Nothing has changed.” The stock rose as much 12% despite the denial. IAG attempted to buy Norwegian last year, but abandoned the effort in January. A renewed pursuit would come amid signs it might encounter less resistance from Norwegian’s board, according to Okdiario, which didn’t name sources.<br/>