PPRuNe Forums - View Single Post - IAG mulls takeover of Norwegian?
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Old 23rd Dec 2018, 06:16
  #108 (permalink)  
3Greens
 
Join Date: May 1999
Location: Runcorn,Cheshire,England
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You’re not worried? You should be, they are massively over leveraged with debt, signs of an alarming slowdown in the US to which they are overexposed
amd cancelling courses and new deliveries. This company has expanded way way too fast and taken too much debt on the balance sheet. A savvy investor wouldn’t waste a dime on this company. Why do you think IAG didn’t move to buy earlier in the year? One reason, perhaps, is they did due diligence having taken a stake, and could see it’d be better business to wait for them to go bust and minesweep and cherry pick what they really want; rather than be saddled with the whole mess of a company.
Unfortunately, I’ve seen these signs many times before, they will likely collapse in 2019 imo. Sad times
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