IAG’s descision to hold on to their Norwegian shares is a little suspicious though...
They could have sold them in advance of announcing their withdrawal.Would have saved them a lot of cash.If they would think Norwegian not to be an interesting proposition, they would never have bothered with negotiating a deal in the first place, whatever their motives.If they though Norwegian is going to go bankrupt, why don’t they sell?Of course it’s petty cash for IAG, but obviously they are hatching their bets.Kos is not selling at a discount, that much they know by now.