|Bid||264.30 x 6100|
|Ask||264.90 x 128200|
|Day's Range||263.00 - 272.00|
|52 Week Range||161.00 - 320.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||283.81|
Today, I will be analyzing Norwegian Air Shuttle ASA’s (OB:NAS) recent ownership structure, an important but not-so-popular subject among individual investors. The impact of a company’s ownership structure affects bothRead More...
Willie Walsh has had shareholders in Norwegian Air Shuttle ASA reaching for the sick bags. The IAG CEO has sowed doubt about his commitment to buying the long-haul, low-cost carrier after taking a 5 percent stake last month, telling Reuters on Friday he was in no hurry for a deal and saying a hostile bid wasn't his style. Norwegian's chairman Bjorn Kise and CEO Bjorn Kjos control a 26 percent block of the shares.
IAG (ICAG.L) is not expecting to announce a deal to buy Norwegian Air Shuttle (NWC.OL) soon and would not make a hostile bid, its chief executive said, adding his airline group had growth opportunities on its own. Norwegian said earlier this month it had rejected two approaches from IAG, the owner of British Airways, Iberia, Aer Lingus and Vueling, because they undervalued the company. If they don't want to be bought by IAG, fine," IAG CEO Willie Walsh told Reuters on the sidelines of a CAPA-Centre for Aviation conference.
IAG is not planning to launch a hostile bid or become involved in a bidding war for Norwegian Air Shuttle, the group's chief executive said on Friday, adding he did not expect to make an announcement soon. "If we do something, we are responsible and would make the required announcements, but I am not expecting to have to do anything in the coming weeks or months," IAG CEO Willie Walsh told Reuters on the sidelines of a CAPA-Centre for Aviation conference. Norwegian said earlier this month that it had rejected two approaches from IAG, the owner of British Airways, Iberia, Aer Lingus and Vueling, because they undervalued the company.
Low-fare carrier Norwegian Air Shuttle ASA is using Boeing Co.’s 160-seat 737 Max in the world’s busiest long-haul market, while JetBlue Airways Corp. is eyeing its first European flights with a long-range version of the Airbus SE A321neo, which can carry around 200 passengers. “This will be a game changer,” said Tamur Goudarzi Pour, vice president for the Americas at Deutsche Lufthansa AG, the fifth-largest trans-Atlantic operator and a member alongside United Continental Holdings Inc. of Star Alliance, the biggest interairline association. Capacity on flights between North America and Europe was roughly flat in the decade to 2013.
British Airways parent IAG SA’s approach for Norwegian Air Shuttle ASA was opportunistically pitched to coincide with the discount carrier’s weakest period for earnings, according to Bjorn Kiese, its chairman. “It wasn’t a coincidence that this came at this time,” Kiese said Wednesday at Norwegian’s annual shareholder meeting. Norwegian is also “a bit out of tune” in terms of fleet expansion, the creation of a leasing company and delays in strengthening its equity through a share sale, he said.
Norwegian Air Shuttle ASA (OB:NAS), a airlines company based in Norway, saw a significant share price rise of over 20% in the past couple of months on the OB. WithRead More...
Having made two unsuccessful bids for the company, Mr. Walsh on Friday repeatedly emphasized the word “all” in a call with investors, as if to suggest IAG might just walk away. If Mr. Walsh really thought Norwegian was sure to go bust, why buy a stake and initiate discussions?
COPENHAGEN, Denmark (AP) — Low-cost carrier Norwegian Air Shuttle has rejected a takeover offer from British Airways' parent company.
IAG boss Willy Walsh, a pretty canny operator, would have been aware that trying to buy Norwegian wouldn’t be easy given its odd governance and shareholder structure. But it’s hard to see at this point how British Airways-owning IAG and Norwegian might settle on a fair price. Walsh should pause to reassess, and maybe the savviest option is to leave Norwegian to settle its own fate.
Qatar Airways would back partially-owned IAG (ICAG.L) if the British Airways-owner decides to proceed with a takeover of Norwegian Air Shuttle (NWC.OL), Qatar's CEO said, while declining to give further details of his plans to set up a new airline. Qatar Airways is IAG's biggest shareholder with a 21 percent stake, theoretically giving it some sway over IAG's strategy, which could involve the acquisition of Norwegian. As for Qatar Airway's own strategy, Chief Executive Akbar al-Baker was tight-lipped over plans revealed in April to set up a new airline, other than to repeat that he was interested in establishing an Indian domestic carrier.
Norwegian shares took flight Thursday after the company said, alongside its first-quarter results, that it had “received several inquiries” following IAG’s expression of interest. Norwegian has established a steering committee and hired advisers to review the situation.
Bjorn Kjos, chief executive officer at Norwegian Air Shuttle AS, discusses being approached by potential buyers and the outlook for the company. He speaks with Francine Lacqua on "Bloomberg Surveillance." ...
Norwegian Air Shuttle ASA said it has attracted interest from other potential suitors since the revelation that British Airways parent IAG SA may bid for the company. Chief Executive Officer Bjorn Kjos told Bloomberg TV that the approaches come from “very serious, professional” airline groups. The comments mark a shift from Kjos’s outright rejection of the overtures from IAG, whose CEO Willie Walsh he described as “one of the best guys in the industry.” The London-based group, which owns Spain’s Iberia, Aer Lingus of Ireland and discounter Vueling, as well as BA, said on April 12 it had bought 4.6 percent of the Nordic carrier’s shares and was weighing an offer for the rest.
Norwegian Air Shuttle ASA (OB:NAS) is a small-cap stock with a market capitalization of ØRE11.81B. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies,Read More...
OSLO, April 18 (Reuters) - * Norwegian shares traded up on Wednesday * Oslo's benchmark index rose 1.10 pct, or 9.23 points, setting a new all-time high of 847.03 points. The bourse was up by 2.87 pct ...
Norwegian Air Shuttle ASA Chief Executive Officer and co-founder Bjorn Kjos said the discount carrier being pursued by rival IAG SA isn’t for sale, reiterating a stance long held by the former fighter ...
British Airways parent IAG has built a small stake in Norwegian Air Shuttle and is considering a full takeover—doubling down on the booming market for trans-Atlantic budget travel.
British Airways-owner IAG is considering its options after Norwegian Air Shuttle rebuffed two takeover advances, it said on Friday, warning some airlines will struggle to survive as fuel prices rise. David Pollard reports.
Apr.26 -- Bjorn Kjos, chief executive officer at Norwegian Air Shuttle AS, discusses being approached by potential buyers and the outlook for the company. He speaks with Francine Lacqua on "Bloomberg Surveillance."