From rte.ie :
In relation to the future of Norwegian Airlines in which IAG has bought a 4.6% stake, Mr Walsh said his group remains interested in buying the low cost carrier, but would not engage in a bidding war.
He said Norwegian is a good brand, has an interesting network and while it is struggling financially today it is not beyond people to resolve that.
"That means Norwegian will be a different Norwegian than it is," he said.
"It could be part of another group or they will downsize, so I don't buy into the idea that Norwegian disappears. I think Norwegian in some form will continue."
He said IAG, which already owns Iberia, Aer Lingus, British Airways and others, has taken a view and expressed an interest in Norwegian because it wants to expand into that market.