Airlines - Norwegian under the IAG umbrella is an exciting prospect

Davy Research
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We are excited about the prospects of marrying IAG’s operational expertise and balance sheet/organisational capacity with Norwegian’s ambitious long haul, low-cost vision — although a deal no doubt increases the overall risk profile of IAG at this point in the cycle. Other benefits include expanding IAG’s European footprint into Scandinavia and access to an order book of 214 next generation aircraft — that is before the defensive benefit of containing a disruptive competitor and the sector-wide benefit of more consolidation. For investors that wish to review our IAG or Norwegian models, please contact one of the team.