IAG to buy Air Europa for cut-price €500m

Published date19 December 2020
Date19 December 2020
Publication titleIrish Times (Dublin, Ireland)
IAG's Spanish unit Iberia declined to comment, while Air Europa's owner Globalia was not immediately available for comment.

British Airways parent IAG had originally agreed to buy Air Europa for €1 billion in November 2019, but has been pushing to reduce the price amid the travel crisis caused by the COVID-19 pandemic.

For the sale to proceed, the Spanish...

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