IAG to buy Air Europa

Business Traveller - - UPFRONT -

MADRID-BASED AIR EUROPA will join Bri­tish Air­ways and Aer Lin­gus as a sub­sidiary of In­ter­na­tional Air­lines Group (IAG) fol­low­ing a €1 bil­lion ac­qui­si­tion, sub­ject to reg­u­la­tory ap­proval. The Skyteam mem­ber is the third-largest Span­ish air­line, af­ter Ibe­ria and Vuel­ing, both of which are al­ready part of IAG. The group says it wants to be a leader in the “highly at­trac­tive Europe to Latin Amer­ica and Caribbean mar­ket” and for Madrid to be­come a “true ri­val to Europe’s four largest hubs”, Heathrow, Am­s­ter­dam, Frank­furt and Paris Charles de Gaulle. For the short term at least, the Air Europa brand is set to be re­tained.

Newspapers in English

Newspapers from International

© PressReader. All rights reserved.