Flirting is over: British Airways parent company and Iberia are giving up the Norwegian swallow. IAG sells all shares.
Since April last year, IAG has acquired the Norwegian Air Shuttle. Previously, the parent company of Aer Lingus, British Airways, Iberia, Level and Vueling quietly and secretly bought 4.61% of the Norwegian low-cost airline. But in Oslo they refused to take over. Although IAG Norwegian has given time until this summer to reconsider the proposal again, now the aviation giant has apparently lost patience earlier.
IAG announced on Thursday (January 24th) that it would not bid for Norwegian. The group has already reduced its share of shares by 0.68% to 3.93%. Now you will sell the last shares, the company said.