April 26, 2018 / 5:11 AM / a month ago

BRIEF-Norwegian Air says received "several inquiries" after IAG expressed interest in company

April 26 (Reuters) - Norwegian Air Shuttle ASA:

* NORWEGIAN AIR Q1 NET RESULT NOK -46.2 MILLION

* NORWEGIAN HAS RECEIVED SEVERAL INQUIRIES FOLLOWING IAG GROUP’S ANNOUNCEMENT OF ITS ACQUISITION OF 4.6 PER CENT OF THE SHARES IN THE COMPANY.

* THE NORWEGIAN BOARD OF DIRECTORS HAS ESTABLISHED A STEERING COMMITTEE AND ENGAGED FINANCIAL AND JUDICIAL ADVISORS TO REVIEW THE SITUATION, HANDLE RELEVANT INQUIRIES AND TO SAFEGUARD THE INTERESTS OF ALL SHAREHOLDERS.

* : THE DEMAND FOR TRAVELLING WITH NORWEGIAN AND ADVANCE BOOKINGS HAVE BEEN SATISFACTORY ENTERING THE SECOND QUARTER OF 2018.

* NORWEGIAN AIR SEES 2018 PRODUCTION GROWTH (ASK) OF 40 PERCENT (PREVIOUS GUIDANCE +40 PERCENT)

* NORWEGIAN AIR TARGETS 2018 UNIT COST (CASK) OF NOK 0.290-0.295 EX FUEL AND DEPRECIATION (PREVIOUS GUIDANCE NOK 0.29-0.295)

* NORWEGIAN AIR Q1 REVENUE NOK 6,993 MILLION (VERSUS GUIDANCE OF NOK 7.1 BILLION FROM MARCH 20)

* NORWEGIAN AIR TARGETS 2018 UNIT COST (CASK) OF NOK 0.415-0.42 (PREVIOUS GUIDANCE NOK 0.415-0.42 EX. DEPRECIATION)

* NORWEGIAN AIR Q1 EBITDAR NOK -881 MILLION

* : FIVE AIRBUS 320NEO AIRCRAFT ARE SCHEDULED TO BE DELIVERED IN 2018, WHICH WILL BE LEASED TO AIRLINE HK EXPRESS.

* NORWEGIAN AIR Q1 EBIT NOK -2,226 MILLION Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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