Lufthansa in contact with Norwegian as airlines size up deals
Shares in Norwegian Air jumped more than 10 percent on Monday following the comments by Lufthansa boss Carsten 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.”
Norwegian reiterated on Monday that it had been approached by potential buyers and investors following an announcement in April that IAG (ICAG.L) had taken a 4.6-percent stake in the carrier.
“These parties have expressed indicative and preliminary interest in share acquisitions, mergers, structured transactions, financing of the group and various forms of operational and financial cooperation,” a spokesman said.
“Norwegian believes that interest from several parties demonstrates the attractiveness of our business,” he added.