Norwegian eyes low-cost airline pact

What is a low-cost carrier?

Norwegian Air Shuttle wants to hammer out partnerships with ultra low-cost carriers Ryanair (RYAAY) and Easyjet (ESYJY) that could lay the groundwork for an alliance to challenge more established global carriers.

The agreements, said Norwegian CEO Bjørn Kjos in an interview with CNN Money in Seattle, would allow the low-cost carriers to compete in the U.S., Europe, the Middle East and Asiafor customers on a tight budget.

Norwegian eyes low-cost airline pact
Norwegian eyes low-cost airline pact
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