Norwegian receives 'several' investment enquiries

Norwegian receives ‘several’ investment enquiries

Sunday, 26 Apr, 2018 0

Norwegian says it has received ‘several’ enquiries following International Airlines Group’s acquisition of shares in the carrier two weeks ago.

The airline said its board of directors has ‘established a steering committee and engaged financial and judicial advisors to review the situation, handle relevant enquiries and safeguard the interests of all shareholders’.

The announcement came as the carrier reported it has cut is first-quarter losses from NOK 1.5billion in 2017 to NOK 46.2 million (£4.16 million) in 2018.

Norwegian carried 7.5 million passengers in the first quarter, an increase of 12%. The capacity growth was 36% and the load factor was 84.5%.

IAG acquired its minority stake in Norwegian on April 12 and said it was considering making ‘a full offer’ for the company, although it added no such discussions had taken place at that time.

The BA and Iberia parent company said it considers Norwegian to be ‘an attractive investment’.

Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.