Norwegian Air CEO not interested in selling
Bjorn Kjos, the co-founder and CEO of Norwegian Air Shuttle [OSLO:NAS], which is being targeted by International Airlines Group [LON:IAG], has not thought of selling, according to newswire reports.
A day after IAG declared a 4.61% stake in Norwegian Air and its intention to initiate discussions, Kos told reporters that the Oslo-based carrier has 'no interest' in a sale and that he has not been in contact with the potential bidder, Bloomberg reported. A Reuters report quoted Kos as telling reporters that he has not considered selling 'at all'.
Norwegian Air shares in trading on Friday afternoon were up 2% at NOK 269 apiece, corresponding to a market cap of NOK 10.45bn (EUR 1.09bn, GBP 946.3m).
Link to original source (Bloomberg)
Link to original source (Reuters)