IAG's Norwegian interest signals new round of airline deal-making

IAG says it has taken a 4.6 per cent in the carrier and sees it as an 'attractive investment'

12th April, 2018
Norwegian hoping to avoid Dublin lay-offs. Pic: Getty

Aer Lingus’s owner IAG has bought a stake in Norwegian Air, saying it is considering making a full offer for the discount competitor, signalling a new round of deal-making in a rapidly consolidating European airline market.

Shares of Norwegian Air soared as much as 47 per cent in Oslo on the news. A potential acquisition could value the company, which has a market...

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