Norwegian Rejects Two Buyout Offers From IAG

Norwegian Air Shuttle confirmed on Friday that it has rejected two separate offers from International Airlines Group (IAG), the parent company of Aer Lingus, British Airways, Iberia, LEVEL, and Vueling. The news comes just weeks after IAG purchased 4.6 percent of the low-cost airline, which has created some tough competition for airlines within IAG, both on short-haul and long-haul flights. News of the two bids by IAG became apparent during an investor presentation by the company, where the airline announced a…