Lufthansa is in contact with Norwegian Air Shuttle, which is also the subject of bid interest from Aer Lingus owner IAG, as the German airline looks to get involved in an expected wave of deals in
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Norwegian's shares have surged as much as 12% today following the news that Lufthansa is considering a potential takeover. The German carrier's CEO, Carsten Spohr, confirmed that he is discussing a takeover with Norwegian. Lufthansa told the Süddeutsche Zeitung that a bid would be made "pending on price and strategic value" for Norwegian. Alternatively, I could see Lufthansa using Norwegian as a way to quickly grow their Eurowings division, and position those planes out of other areas of Europe.
With the take-over of Norwegian, Lufthansa Group will strengthen their position on the Trans-Atlantic market. Otherwise, the Lufthansa Group will look to Hungarian low-cost airline Wizz Air. German carrier Lufthansa looks set to make a bid for low-cost airline Norwegian.com as Lufthansa CEO confirms the two airlines are in talks.
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Otherwise, the Lufthansa Group will look to Hungarian low-cost airline Wizz Air.
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"In Europe, everyone is talking to everyone. Norwegian Air's shares closed in Oslo 10 percent higher at 274 crowns. Lufthansa shares were down 1 percent, slightly outperforming a 1.3 percent weaker DAX .GDAXI index in Germany. Shop Norwegian's best cruise deals and limited time offers, and book a cruise today with just $50 deposits per person! Or, book the lowest available cruise fares and save on last minute cruises in 2020.
"In Europe, everyone is talking to everyone. Norwegian Air's shares closed in Oslo 10 percent higher at 274 crowns.
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From Norwegian’s side, its CEO Bjorn Kjos is taking a quite an open approach to these takeovers. He said he would be open to doing a deal as long as it is on the right terms and value. PHOTO: Adam Moreira. With Lufthansa’s interest, IAG could face a tough bid battle to take over the esteemed low-cost carrier. By Victoria Bryan and Terje Solsvik. BERLIN/OSLO (Reuters) – Lufthansa
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Read More Related Articles. Low-cost airline Norwegian rejects two takeover bids from British Airways owner ; Some of Norwegian's most popular deals include £99 flights from Edinburgh to New York. "In Europe, everyone is talking to everyone. According to the new contract, Lufthansa Technik will take care of the CFM56-7B engines for all 53 aircraft of Norwegian´s 737NG fleet and further seven spare engines. By Victoria Bryan and Terje Solsvik BERLIN/OSLO (Reuters) - Lufthansa is in contact with Norwegian Air Shuttle, which is also the subject of bid interest from British Airways owner IAG, as the German airline looks to get involved in an expected wave of deals in the sector, its CEO told a newspaper.