British Airways owner considers Norwegian bid
British Airways owner International Airlines Group (IAG) has confirmed that it is exploring a potential acquisition of low-cost carrier Norwegian Air Shuttle.
Shares in Norwegian Air Shuttle jumped by as much as 26% on news of a possible tie-up.
According to reports, IAG wants to boost its market share amid increasing competition from low-cost carriers.
Norwegian declined to comment.
IAG said it had bought a minority stake in the airline with a view to opening talks about a deal.
"The minority investment is intended to establish a position from which to initiate discussions with... read more
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