Market sources suggest that it is not only IAG and Lufthansa that are speaking to Norwegian about a possible purchase, fearful of enhanced competition from an enlarged IAG, other, as yet unidentified, airlines are reported to be undergoing or seeking talks with Norwegian. The wave of airline consolidation in Europe is way overdue but these latest moves seems to have taken some airlines by surprise. The acquisition of Norwegian isn’t about acquiring a long-haul, low-cost airline to boost profits, the real attraction is its orderbook and desirable slots and low aircraft purchase prices. Norwegian has already stated that its orderbook may be spun off into a leasing entity or sold. However, with these renewed offers from airlines regarding a full sale, that strategy is in doubt since the orderbook is likely to be on the table for sale negotiations. With little being said publicly, the market will continue to debate and follow this emerging story with interest.
Bun fight for Norwegian
