Lufthansa “in contact” with low-cost carrier Norwegian

Lufthansa is "in contact" with European low-cost carrier Norwegian Air Shuttle, which is already the target of a bid interest by British Airways owner IAG, confirmed Carsten Spohr, chief executive of the German flag carrier, Reuters reports.
Shares in Norwegian Air jumped more than 10% on Monday following the comments by Spohr to Germany’s Sueddeutsche Zeitung.
“In Europe, everyone is talking to everyone. There’s a new wave of consolidation approaching. That means we are also in contact with Norwegian,” Spohr was quoted as saying.
Asked whether Norwegian would fit with the Lufthansa group, Spohr said: “Takeovers are always a question of strategic value, the price and anti-trust. There are no easy answers.”
In early May, fast-growing Norwegian rejected a takeover proposal from IAG Group, which also owns Iberia, Aer Lingus, Vueling and Level.
A short statement from the Norwegian carrier said at the time: "The Board of Norwegian Air Shuttle (NAS) confirms that it has received two separate conditional proposals from IAG Group in relation to an acquisition of 100% of the share capital of NAS. 
"These proposals were reviewed in conjunction with NAS’ financial and legal advisers, and were unanimously rejected on the basis that they undervalued NAS and its prospects. The Board of NAS remains fully committed to delivering on its stated strategy, for the benefit of all NAS shareholders."

Share this story

Related Topics

Latest acquisitions news

Dachser takes majority stake in Dachser & Fercam Italia

Dachser has acquired 80% of the shares in the joint venture Dachser & Fercam Italia, effective March 28. This completes…

Read More

Share this story

Scan Global Logistics plans for further acquisitions

Fast-growing Scan Global Logistics said it is planning to make more acquisitions with a focus on growing in key markets….

Read More

Share this story

ANA again pushes back takeover of freighter airline NCA

All Nippon Airways (ANA) has for a third time delayed its planned takeover of freighter carrier Nippon Cargo Airlines (NCA)…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.