Norwegian, Lufthansa, buy, interest, IAG

Lufthansa reveals interest in Norwegian

Talks have taken place between the two parties, the boss of Lufthansa Group claims.

Lufthansa’s chief executive, Carsten Spohr, has told the German newspaper Sueddeutsche Zeitung that the airline has been “in contact” with Norwegian as it looks to grow further in the low-cost sector.

Talks have taken place between the two parties, he said, but qualified: “In Europe, everyone is talking to everyone. There’s a new wave of consolidation approaching. That means we are also in contact with Norwegian.”

Any progress in the talks depends on “strategic value, price and anti-trust,” he continued.

As with the previous revelations that Lufthansa rival IAG was interested in buying into Norwegian, the news gave the budget carrier’s share price a boost, initially climbing almost 12% higher before dropping to 8%.

Lufthansa already has its own LCC, Eurowings, but Spohr said he was “imaginative” about the future of the group and that he expected passenger numbers to continue to increase in the future.

Norwegian is so far reported to have rejected at least two bids from IAG, but the British Airways parent company is not about to leave the table after having taken a 4.61% stake in the carrier.

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