IAG to divest Norwegian shares if complete acquisition not achieved within one year

    IAG CEO Willie Walsh said the group plans to divest its shares in Norwegian if IAG does not achieve a full take over of the LCC within one year (Bloomberg/Irish Independent, 04-Aug-2018). Mr Walsh added: “There’s no immediate hurry. But this time next year, if we haven’t acquired Norwegian, we won’t be holding those shares… If we’re not acquiring it, we’re not interested in being a shareholder. We’ll wait and see what happens, but it’s not a big issue on our agenda”.