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BA-owner IAG says considering making offer for Norwegian

Reuters  |  LONDON 

By Sarah YoungLONDON (Reuters) - British Airways-owner IAG said it is considering making an offer for Norwegian, a low-cost carrier worth about $1.2 billion, in a deal which would expand its budget offerings and give it control of a struggling rival.IAG said on Thursday it had bought a 4.61 percent stake in Norwegian as a platform for starting talks, and that could lead to it making a full offer for the airline founded by former fighter pilot Bjorn Kjos."IAG confirms that no such discussions have taken place to date, that it has taken no decision to make an offer at this time and that there ...

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First Published: Thu, April 12 2018. 20:03 IST