In its communiqué, IAG points out that "Norwegian is an attractive investment" and announces that it has acquired a "minority investment" of 4.61% in that company, "destined to establish a position from which to start conversations with Norwegian, Including possibility of formulating an offer of acquisition on whole "of airline".
IAG says no official discussions have taken place, and the company emphasized that it hasn't decided whether it will make an offer.
Responding on twitter today Norwegian said: "Just been made aware that the International Airline Group (IAG) has acquired 4.6 percent of the shares in Norwegian Air Shuttle ASA".
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India-the world's third largest oil consumer-has been pushing for reasonable crude oil pricing from The Kingdom. Saudi's petrochemical company SABIC is also keen to invest in a cracker and other facilities in India, he said.
However, Norwegian said it had no prior knowledge of the minority acquisition by IAG.
Norwegian also released a statement, saying: "IAG's interest in the company confirms the sustainability and potential of our business model and global growth".
The firm has had a major impact on the long-haul market in Europe, undercutting rivals on trans-Atlantic ticket prices. Norwegian offers 17 weekly frequencies (34 flights, 17 per direction), between Barcelona and USA destinations of Los Angeles, San Francisco, New York and Miami, while Level maintains routes from El prat to San Francisco, Buenos Aires, Punta Cana and Boston.
"Willie Walsh has always been interested in the low-priced long haul concept, long before the creation of Level".
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France has previously warned it would respond with strikes on Syrian government forces, if evidence of chemical attacks was found. The Organisation for the Prohibition of Chemical Weapons ( OPCW ) said a team would deploy to Syria "shortly".
Adding Norwegian's short-haul operations in Europe to Vueling would create a budget carrier better placed to compete against the continent's two biggest low-priced airlines Ryanair and easyJet.
Shares in Norwegian, which has been in trouble following a rapid expansion in recent years, rose by 25 per cent in Oslo on the announcement.
There will be no buying Norwegian on the cheap, however, said SEB analyst Jo Erlend Korsvold.
EasyJet was up 2%, Ryanair up 1.7% Wizz Air 3% after IAG confirmed its position with Norwegian, however.
Much of the scoring output has come with All-Star first baseman Anthony Rizzo out of the lineup with a back injury. Thousands of fans headed back to Wrigley Field for the Cubs' postponed home opener against the Pirates.