Norwegian Air CEO says
reaching size where it can be profitable
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[June 19, 2018]
BRUSSELS (Reuters) - Norwegian
Air Shuttle <NWC.OL> is reaching a size at which it can
be profitable, its chief executive said on Tuesday,
shrugging off the idea that the airline needed a partner
to stay alive.
CEO of Norwegian Group, speaks during the presentation
of Norwegian Air first low cost transatlantic flight
service from Argentina at Ezeiza airport in Buenos
Aires, Argentina, March 8, 2018. REUTERS/Marcos
Airlines including Ryanair <RYA.I> and IAG <ICAG.L> have cast
doubt on whether Norwegian can survive on its own, and both IAG
and Lufthansa <LHAG.DE> have been in contact with Norwegian over
a possible deal.
"We have reached the size that we need to facilitate what we
would like to do. Now it's about refining the business going
forward," Bjorn Kjos told an annual conference of airports
He said that Norwegian was reaching the peak of its investment
phase this summer and was ready to reap the benefits.
He repeated that Norwegian had not put itself up for sale.
"It's very good airlines that are interested. We take it as a
good thing, that we are doing something right," he said.
(Reporting by Victoria Bryan; Editing by Maria Sheahan)
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