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IAG mulls takeover of Norwegian?

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IAG mulls takeover of Norwegian?

Old 21st May 2018, 08:45
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Swedish media reporting today that IAG is preparing a new offer for Norwegian. Originally reported by the Spanish newspaper "Expansion" with no source reference. The rumour states 330 NOK per share.
Any actual proof of this?
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Old 21st May 2018, 09:05
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https://uk.finance.yahoo.com/news/me...055230465.html
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Old 21st May 2018, 12:00
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Devil

If true, wouldnt take much more than last years profit for Mr O'Learys airline to take it over - petty cash !
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Old 21st May 2018, 19:36
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Worth a watch. O’Leary’s view....

https://www.bloomberg.com/news/artic...bor-costs-jump
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Old 22nd May 2018, 20:17
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May 2017 fuel $500 per mt, today $750.
This challenges all of us not just NAS.
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Old 22nd May 2018, 22:35
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Depends if you are hedged or not. NAS are not.
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Old 23rd May 2018, 20:28
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What a scumbag ! Great thing is he is looking so much older,,,,,
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Old 23rd May 2018, 22:07
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Originally Posted by MCDU2 View Post
Given that anecdotally Norwegians T&Cs would appear to be worse than FRs and there seems to be a core of pilots who flip flop between these loco type carriers then perhaps it might well be a wake up call to them all to finally pull their fingers out, find an airline to build a career at and join a bleedin union and stick up for themselves for the betterment of us all. Then again maybe pigs will fly and these guys and gals will pop back to the sandpit/asia [insert region as appropriate] in search of another low tax break gig.
Clever man. HOW many legacy or even DECENT carriers are still around? I was in 2 legacy carriers myself during my career, both are no more(and both offered excellent terms and conditions, most likely that's why they are no more), I tried the sandpit(because there was nothing else decent around at that time), tried biz jets for a while till I figured out that that is another snakepit, returned to good old airline flying and ended up in RYR.
I was member of 3(!!) different unions in my pilot career, all of them sucked and did not help us at all - till the bitter end. Now we managed to initiate a turn around(maybe) in RYR management minds and still I need to read such BS from a guy that most likely just had the LUCK to end up on a better deal. All seasoned guys in this business know how it runs - best to be at the right time at the right place and your career is made. Others are not that lucky and have to earn their wings the hard (RYR) way. Nothing dishonest about, just a very hard school, nothing else.

We will see over the coming months how and IF that CLA(at least in Italy) is "falling" into place, most of us here wait to see if that happens or not. Simple as that. Would be rather stupid to force your way out(as many do) to end up in a very similar "gig"(Norwegian for instance but not exclusive).

RYR is not bad for guys who managed to get what they wanted - e.g. right base and/or right contract(direct for me is the only option). If on contract and far from home I would change as well(or better, I would have never joined).

Enough with that RYR bashing, have seen enough other jobs in my life that threat you worse(QR was one of them) and the better ones went upside down a long time ago. Few dinos still around, but honestly, I do not fancy BA at all and I am to old to join LH(and honestly I would never ever pay money to prepare for their idiotic test(which brought a mass murderer into a cockpit, let's never forget this). Nothing else good around - Cathay on new contract not worth it and the rest remains mercenary work(Korean, their Chinese brothers, the ME,...).

It's so easy to bash people about their choices. Fact is that RYR is far away from "dying on me" as so many others did during my long "career". Or do you suggest Airlines like Air France or Alitalia(lol) a safe place to be? Take a reality pill, be happy if you really(really really) ended up with a better deal(good for you) but stop distributing BS.

Would be a good thing if MOL would finally pull(or get kicked) out, I am sure that would improve the company a LOT.
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Old 24th May 2018, 13:14
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CEO of norwegian B. Kjos hits back :

https://uk.reuters.com/article/us-no...-idUKKCN1IP1S8

Ryanair (RYA.I) last year approached Norwegian with a proposal to take a stake of around 20 percent in the Oslo-listed carrier, a source with close knowledge of the discussion separately told Reuters.

“I can confirm that Ryanair has shown interest in Norwegian Air, and that I brought it up with the board,” said Norwegian Air’s Chief Executive Bjoern Kjos. A spokesman for Ryanair said the airline does not comment on rumor or speculation.
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Old 26th May 2018, 10:35
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Originally Posted by tomuchwork View Post
Clever man. HOW many legacy or even DECENT carriers are still around? I was in 2 legacy carriers myself during my career, both are no more(and both offered excellent terms and conditions, most likely that's why they are no more), I tried the sandpit(because there was nothing else decent around at that time), tried biz jets for a while till I figured out that that is another snakepit, returned to good old airline flying and ended up in RYR.
I was member of 3(!!) different unions in my pilot career, all of them sucked and did not help us at all - till the bitter end. Now we managed to initiate a turn around(maybe) in RYR management minds and still I need to read such BS from a guy that most likely just had the LUCK to end up on a better deal. All seasoned guys in this business know how it runs - best to be at the right time at the right place and your career is made. Others are not that lucky and have to earn their wings the hard (RYR) way. Nothing dishonest about, just a very hard school, nothing else.

We will see over the coming months how and IF that CLA(at least in Italy) is "falling" into place, most of us here wait to see if that happens or not. Simple as that. Would be rather stupid to force your way out(as many do) to end up in a very similar "gig"(Norwegian for instance but not exclusive).

RYR is not bad for guys who managed to get what they wanted - e.g. right base and/or right contract(direct for me is the only option). If on contract and far from home I would change as well(or better, I would have never joined).

Enough with that RYR bashing, have seen enough other jobs in my life that threat you worse(QR was one of them) and the better ones went upside down a long time ago. Few dinos still around, but honestly, I do not fancy BA at all and I am to old to join LH(and honestly I would never ever pay money to prepare for their idiotic test(which brought a mass murderer into a cockpit, let's never forget this). Nothing else good around - Cathay on new contract not worth it and the rest remains mercenary work(Korean, their Chinese brothers, the ME,...).

It's so easy to bash people about their choices. Fact is that RYR is far away from "dying on me" as so many others did during my long "career". Or do you suggest Airlines like Air France or Alitalia(lol) a safe place to be? Take a reality pill, be happy if you really(really really) ended up with a better deal(good for you) but stop distributing BS.

Would be a good thing if MOL would finally pull(or get kicked) out, I am sure that would improve the company a LOT.
So on the one hand you say the unions didn't help and on the other you are waiting for something to happen. There lies the biggest problem. People that are waiting for something to happen. People that let other people do the hard work first. I've been in Ryanair long enough and it was and probably still is one of the worst airlines to work for. I've been based close to home and it still sucked. I've done union work and just like you many people didn't understand that the union is not just some institution that once you join does the work. We are all the union and we all have to move our ass to make a change. But I get it. It's easier to sit back and let the others do the job
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Old 18th Jun 2018, 11:18
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Guten Morgen

Wie Gets Ihnen?
Lufthansa is in talks with Norwegian and looking into making a bid!
Stocks up by 10%
Things are hotting up in the European market!
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Old 18th Jun 2018, 12:22
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Lets say Lufthansa buys Norwegian!
A good match Me thinks.
Lots of longhaul outside LHs present market ( UK , Spain and Scandinavia )

Scandinavia is a problem .
What would the Competition Board think? Does anyone here have any idea how thy think and act?
In domestic flights and intra Scandy NOR is at par with SAS, so LH-NOR would give the Star-Alliance 100 monopoly!
So that is not going to fly!
Europe 737NOR ops no problem and Long Haul , no problem as I see it.
The other LOCOs in Europe has neglected the Scandy intra market, and now would be the chance to get a chunk of it for free!
Oh dear, this is exciting , Indeed.
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Old 25th Jun 2018, 18:23
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apparently all the unions have been called for a meeting in oslo, something is coming...
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Old 25th Jun 2018, 18:41
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The Norwegian Unions from the different bases I assume.
That would be from Norway Denmark Finland Sweden UK Ireland Spain Italy and USA.
Interesting.
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Old 25th Jun 2018, 19:16
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Exactly, first time in company history meeting with unions from all the bases.
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Old 25th Jun 2018, 20:06
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Originally Posted by matt283 View Post
Exactly, first time in company history meeting with unions from all the bases.
Both IAG and Lufthansa share prices down considerably today.
IAG by nearly 4% and LH by over 5%. Interesting. This happened just after IAG made a bid.

Looks as if they are both trying to monster order books.
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Old 25th Jun 2018, 20:56
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All shares are down heavily today. Fear of a trade war is beginning to bite.
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Old 25th Jun 2018, 23:08
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Matt 285

Do You know when this meeting is?
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Old 25th Jun 2018, 23:36
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4th of July...
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Old 25th Jun 2018, 23:58
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Wonder if it's just a rumor. Nobody seems to know anything in the unions.... But who knows....
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