IAG Making Third Bid For Norwegian?

Spanish Expansion (access here) was reporting on Monday that IAG the parent of British Airways, Iberia, Aer Lingus, Vueling and Level would be readying to make a third bid to take over Norwegian Air Shuttle.

Norwegian

IAG took 4.61% position in Norwegian (read more here) before it approached the company trying to convince the board that it would be the right time for the shareholders to sell the rest. The board rejected the proposal (read more here) earlier this month.

The IAG is apparently willing to open its purse and pay more to the shareholders according to the Expansion but it is unclear if this would be enough.

Conclusion

As I said it before, IAG taking over Norwegian would be bad for the competition and fares would simply become more expensive. Obviously it is inconvenient for IAG owned airlines that they need to compete.

I am sure that there is a price point at which the major owners of the Norwegian Air Shuttle are willing to offload their shares.

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