IAG To Sell Its Stake in Norwegian Air Shuttle | Aviation International News

IAG To Sell Its Stake in Norwegian Air Shuttle

The British Airways parent confirms that it does not plan to bid for the low-cost carrier.

By Cathy Buyck • Contributor - Europe

January 24, 2019

International Airlines Group (IAG) has lost interest in the possibility of adding Norwegian Air Shuttle to its portfolio of airlines and will sell the remaining stake it owns in the Oslo-based low-cost carrier, which in December launched a restructuring and cost-cutting program to strengthen its financial footing.

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