British Airways Considers Bid To Take Over Norwegian

British Airways' parent IAG has reportedly built up a 4.61 percent share in low-cost rival Norwegian and is poised to start discussions about a potential takeover

Although no talks have yet taken place, IAG’s eagerness indicates that an acquisition is a possibility. However the airline group, which includes Iberia, Aer Lingus and Vueling as well as British Airways, said that at the moment there was “no concrete offer on the table”.

Norwegian said it was unaware of the share acquisition.

Norwegian Airlines recently axed it’s winter schedule out of Belfast International Airport.

And last year, Ryanair CEO Michael O’Leary attacked the low-cost rival, insisting that it was close to bankruptcy. Norwegian denied this but did report an annual loss of $137 million for 2017.

In the past, IAG’s Walsh has made no secret of his admiration for Norwegian – in 2016 he said IAG had “watched with interest what Norwegian has done” regarding its fare unbundling.