UKtravelbear

Perhaps they took 2 and 2 and made 4 and a bit?

Staff told at a meeting to expect an announcement shortly about the future of the company

Staff aware of the financial problems of the company

Perhaps some staff saw people they know work for IAG at company HQ and then told their friends and so on

Staff know that IAG previously made a bid

So ....

navylad

simons1

MiraculousM

They have worst customer service than Ryanair and that is actually saying something-

saying that i have 2 flights booked with them in the the next 2 months.

MiraculousM

(Not long haul. I would never ever book long haul with them)

Cap'n Benj

Flexible preferences

I wonder what it is like trying to claim EU261 from them?

MiraculousM

My friend runs a festival in Holland and i witnessed first hand what happens when you rely on them long haul when he spent 2 days trying to bring bands over from NYC at great costs because the next available flights they gave them was ones that arrived after the festival had ended. At that point, i decided that it would be foolish for me to take their long haul although i do have a few american friends who have used it and said it was incredible.

Apparently its quite hard if you look at the twitter replies to them and they try and claim extraordinary circumstances for everything, I am helping one band to try and get their flight compensation back but i told him not to hold his breath.

aidy

RoyalSwazi

happeemonkee

Courtesy of BBC Business News

BA-owner drops Norwegian overtures

British Airways' owner IAG won't be buying low-cost rival Norwegian Air Shuttle and will flog its 3.9% stake in the company.

The move sent Norwegian's shares down 20%.

Norweigian is known for its low cost long-haul flights, including London to New York and Buenos Aires.

But it has recently started paring back some routes, including a flight from Belfast to New York.

BrianDromey

The reaction to the sell-off is interesting. Clearly the market placed some value on the likelihood of IAG buying the rest of the airline. It's a very highly leveraged company with a lot of new airplanes to finance. Why bother spending the money, if Norwegian does go under, IAG will be able to pick at the carcass, maybe pick up some 787s and A320neo, a few Gatwick slots for short and long-haul with the benefit of wiping a low-cost competitor off the Atlantic. With fares like £259 to the USA from London on BA and VS, why bother with the risk of a Norwegian flight?

Norwegian could have added a significant Scandinavian presence to the IAG group, which is a weakness for IAG, although the JV with Finnair to Japan softens that somewhat.

dougzz

https://www.bbc.co.uk/news/business-47039303

Apologies if this is now OT for BA following IAG's statement. But looks like Norwegian are raising cash with a share issue.

flatlander

They're hoping to do so. Note that no bank is underwriting the issue, so it's looking a lot like a last-ditch effort by Kjos, the Norwegian Chairman, and some private equity - a Norwegian billionaire in tax exile. Those three could be left putting in a lot of the money.

JimEddie

You can imagine that if/when Norwegian at some point collapse under the weight of its debt together with the complex lease/financing structure in place, IAG will be there ready to hoover up the left-overs.