Tags: stake

IAG takes a near 5% stake in Norwegian, weighs full offer

International Airlines Group (IAG) on April 12, 2018, acquired a 4.61% ownership position in budget carrier Norwegian Air Shuttle to initiate discussions with the airline, including the possibility of a full offer for Norwegian. A potential deal could value the carrier at $3 billion with debt, sources say. “IAG considers Norwegian to be an attractive […]