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Feb 23, 2023 · IAG, the parent company of British Airways, has finally struck a deal to buy the remaining 80% stake in Spanish airline Air Europa that it does not own for €400 million. The seller is Spanish leisure conglomerate Globalia group. This is a real coup for IAG, because there had been substantial political push back since the deal was first ...
Dec 15, 2021 · IAG chief executive seeks alternative structure for tie-up. LONDON, Dec 15 (Reuters) - Airline group IAG (ICAG.L) is set to cancel its takeover of Air Europa after European regulators indicated ...
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Feb 23, 2023 · Iberia-owner International Airlines Group has agreed to pay 400 million euros ($423.84 million) to Spain's Globalia for the remaining 80% of airline Air Europa it did not already own, the company ...
Feb 24, 2023 · IAG is intending to acquire full control of Air Europa. The new terms have now been fully laid out, and IAG will pay €400 million to acquire the remaining 80% stake in the airline. It’s expected that this will take around 18 months, and if approved, Air Europa will likely leave SkyTeam, but will still maintain its own brand.
Sep 12, 2023 · IAG recently agreed to buy Air Europa. In the same year, Air Europa agreed to be bought by IAG for one billion euros. When the COVID-19 pandemic reared its ugly head in the spring of 2020, the acquisition was put on hold, with IAG still wanting the Spanish airline, but for a reduced fee. In January 2021, a deal was reached between the two ...
Aug 9, 2022 · Air Europa's eighth and final Boeing 767-300ER was EC-LZO, which, according to ATDB's data, it leased from Privilege Style for one week in May 2022. Two of Air Europa's 767-300ERs served the airline for more than a decade. Photo: Aero Icarus via Flickr. The airline industry is always full of new developments!
Dec 15, 2021 · Air Europa provides connections to Latin America as well as serving destinations in Europe. After IAG finance chief Stephen Gunning announced that the group was in advanced negotiations to cancel ...
