International Airlines Group (IAG) will not bid for Norwegian Air. This has been announced by the parent company of airlines such as British Airways and Iberia.

IAG focused on Norwegian last spring, but that Norwegian company repeatedly rejected the advances. The airline group already took an interest of almost 4 percent in Norwegian Air. IAG is now getting rid of those shares. The airline group announced last year that it did not want to keep an interest in the low-cost airline if no deal was to come.

Norwegian mostly focuses on low-cost transatlantic flights. In order to compete with it, IAG has now set up its own operator – “Level”.

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