Norwegian-2
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British Airways owner considers Norwegian bid - BBC News
The annoying thing is; I was seriously going to have a punt on some Norwegian shares a couple of weeks ago. Just never got around to doing it!
The annoying thing is; I was seriously going to have a punt on some Norwegian shares a couple of weeks ago. Just never got around to doing it!
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Would certainly be an interesting tie-up. Hypothetically speaking, if Norwegian did join IAG, would there be any need for LEVEL any more? anything they can do, Norwegian can probably do better.
Join Date: Aug 2002
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If Norwegian did join IAG, it would be folded into other existing AOCs.
Level is an Iberia front company with former IB A332s flown with IB flight deck crew.
DI's LGW operation would easily fold into BA with certain synergies on both sides.
D8 would fold into BA or VY as appropriate.
Non UK DY long haul would be a fit for an expanded Level or wound up.
I wouldn't see the brand surviving.
Level is an Iberia front company with former IB A332s flown with IB flight deck crew.
DI's LGW operation would easily fold into BA with certain synergies on both sides.
D8 would fold into BA or VY as appropriate.
Non UK DY long haul would be a fit for an expanded Level or wound up.
I wouldn't see the brand surviving.
Last edited by Skipness One Echo; 12th Apr 2018 at 14:00.
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If Norwegian did join IAG, it would be folded into other existing AOCs.
Level is an Iberia front company with former IB A332s flown with IB flight deck crew.
DU's LGW operation would easily fold into BA with certain synergies on both sides.
D8 would fold into BA or VY as appropriate.
Non UK DY long haul would be a fit for an expanded Level or wound up.
I wouldn't see the brand surviving.
Level is an Iberia front company with former IB A332s flown with IB flight deck crew.
DU's LGW operation would easily fold into BA with certain synergies on both sides.
D8 would fold into BA or VY as appropriate.
Non UK DY long haul would be a fit for an expanded Level or wound up.
I wouldn't see the brand surviving.
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Anyone else like me had the thought that this could be a fishing exercise to see just how bad the financials are at Norwegian? Obviously with any takeover bid IAG will be allowed full access to the books, warts and all.
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Have a look at the books.
Suggest it's not for them based on what they have seen without of course disclosing anything and then. .....walk away leaving a vacuumm and naturally the press to speculate who will then do the dirty work.
"Who me guv".
Suggest it's not for them based on what they have seen without of course disclosing anything and then. .....walk away leaving a vacuumm and naturally the press to speculate who will then do the dirty work.
"Who me guv".
Last edited by Navpi; 12th Apr 2018 at 12:58.
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Would that put D8 crew at risk of redundancy or will IAG keep most of the NAS existing routes open, I wonder? After all, there is allegedly a pilot shortage. And if so, would the crew become BA staff?
Would that put D8 crew at risk of redundancy or will IAG keep most of the NAS existing routes open, I wonder? After all, there is allegedly a pilot shortage. And if so, would the crew become BA staff?
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Agree- a good fishing exercise.
However, if IAG were to proceed then it could conceivably put Norwegian in command of the Gatwick base (low cost) & effectively close down BA Gatwick (Higher cost).
However, my guess it's to see what financial state DY is in. This will decide if it needs to buy or watch from the sidelines.
However, if IAG were to proceed then it could conceivably put Norwegian in command of the Gatwick base (low cost) & effectively close down BA Gatwick (Higher cost).
However, my guess it's to see what financial state DY is in. This will decide if it needs to buy or watch from the sidelines.
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What makes you think IAG are in the business of trashing yields? BA beach routes out of Gatwick are highly profitable. Something that can not be said of Norwegian’s highly marginal business.
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I haven't seen the books.
Could it be bought or the liabilities taken on very cheaply then dismembered/rolled into existing brands with perhaps a small operation retained as DY.
I'm remembering Dan-Air.
UK ops would end I suspect - can't see them wanted to dilute the existing brands
Could it be bought or the liabilities taken on very cheaply then dismembered/rolled into existing brands with perhaps a small operation retained as DY.
I'm remembering Dan-Air.
UK ops would end I suspect - can't see them wanted to dilute the existing brands
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I don't know what it is, or if it's just me, but is Norwegian's brand that good? I always forget it exists when I'm booking flights, and it seems to be that the name of a country is only a good brand in relation to people flying to that particular country!
Not sure where you got that idea from.
A takeover target has to provide Zero to the company attempting to take it over.
I haven't seen the books.
Could it be bought or the liabilities taken on very cheaply then dismembered/rolled into existing brands with perhaps a small operation retained as DY.
I'm remembering Dan-Air.
UK ops would end I suspect - can't see them wanted to dilute the existing brands
Could it be bought or the liabilities taken on very cheaply then dismembered/rolled into existing brands with perhaps a small operation retained as DY.
I'm remembering Dan-Air.
UK ops would end I suspect - can't see them wanted to dilute the existing brands
Norwegian have to do zilch.
Perhaps people need to remember the Ryanair - Aer Lingus battle. What exactly were Ryanair able to see of Aer Lingus's accounts other than what was freely available ?
Answer was NOTHING.
Perhaps would be an idea to understand who are the shareholders first.....
Bjorn Kros owns 27%
Norwegian Finans Holdings own 16.4%
Folketrygdfondet (Norwegian Pension fund) own 10%.
DNB Asset Management AS (Norwegian asset management) own 6%
Norwegian Air Shuttle company : Shareholders, managers and business summary | Oslo Bors: NAS | 4-Traders
60% of the company i owned by Norwegians or those with major business in whole of Norway.
Unless Kros sells there is Zero deal as the rest will be led by him.
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The Scandinavian operation will be of interest to IAG as that is one hole in their network as a whole, I would have thought that would remain branded as Norwegian. Anything else, who knows?!
As racedo says, a buyout is dependant upon Bjorn and the Norwegians - and as they have said there have been no discussed yet, its going to be a while before we hear anything. In the meantime, you could of course see some other airlines/airline groups also take an interest!
As racedo says, a buyout is dependant upon Bjorn and the Norwegians - and as they have said there have been no discussed yet, its going to be a while before we hear anything. In the meantime, you could of course see some other airlines/airline groups also take an interest!