Chris Bryant, Columnist

Norwegian Air Shuttle Takes to the Skies Again

The case for a Lufthansa takeover isn’t compelling.

June 18, 2018 at 11:00 AM UTC

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies in Europe. Previously, he was a reporter for the Financial Times.

Come fly with me.
Photographer: Simon Dawson/Bloomberg

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Just when the excitement about a potential takeover of Norwegian Air Shuttle AS was beginning to flag, here comes another pocket of air to keep it aloft.

British Airways owner IAG SA has sounded more circumspect lately about its stated interest in the transatlantic budget airline. So shareholders in the target will have been delighted by comments from Lufthansa AG’s boss, Carsten Spohr, who says he too is “in contact” with Norwegian. Though thin on detail, Spohr’s intervention caused Norwegian’s shares to surge as much as 12 percent on Monday.