6 AUGUST 2018

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2018 Business Travel News Ltd.

Article from BTNews 6 AUGUST 2018

Walsh, Norwegian and Heathrow

Norwegian and Heathrow were both in focus at last week’s International Airline Group (IAG) financial results meeting, with group CEO Willie Walsh saying IAG was looking to sell its shares in Norwegian Air after failing to negotiate a takeover.

IAG bought 4.6% of Norwegian earlier this year as a prelude to discussing a takeover, but had two proposals rebuffed. Walsh told the Financial Times: “We’re not going to keep the shares, we’re not an investor.

“We bought that small stake to initiate a conversation and if that conversation is not going anywhere, as it’s not, we’re not going to hold on to those shares.”

As the FT reported, Walsh also hit out at Heathrow, which has a £14bn scheme to build a third runway but which has also paid large dividends to shareholders. “I’m all in favour of a well-run company paying dividends, but that’s not Heathrow,” he said.

“Heathrow is a quasi-monopoly that games the economic regulation environment to raise the charges that they can levy and has done well in the past to convince the regulator to reward them by spending more money.

“My objection is to the fact that they’re incentivised to waste money and I’m particularly concerned that the incentive remains in place in the context of Heathrow.”

www.iairgroup.com

Index/Home page
 

OUR READERS FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.


www.btnews.co.uk