IAG acquires Air Europa


We could have waited for news from Alitalia and it is ultimately Air Europa that makes the headlines in the aeronautics industry

Great move for IAG – British Airways

The group has announced to date that it has entered into a purchase agreement with Globalia to acquire 100% of Air Europa via Iberia. The amount of one billion euros is mentioned.

Air Europa would thus become the sixth carrier integrated into the International Airlines Group with Vueling, Aer Lingus, Level, Iberia and, of course, British Airways.

A controlled operation

This operation can only be effective after approval by the competition authorities. The operation could be completed in the second half of 2020. Willie Walsh (photo), CEO of IAG said: » We have a solid experience of successful acquisitions, the most recent of which is Aer Lingus in 2015: we are convinced that Air Europa will be decisive in the group’s strategies« .

Madrid has a strategic place

Luis Gallego, President of Iberia, believes that this acquisition is of great strategic importance for Madrid, which in recent years has lagged behind other European platforms. It should give the IAG group an additional burden for flights to Latin America.

SkyTeam would lose a carrier

If the acquisition by IAG is confirmed, the Spanish company should move to the oneworld alliance. SkyTeam would lose a partner of choice!
Serge Fabre





    Leave a Reply

    Your email address will not be published. Required fields are marked *

On the same subject

Will Lufthansa finally take a stake in Alitalia?

Will Lufthansa finally take a stake in Alitalia?

208 vues
November 4th, 2019 0

Since May 2017, the Italian airline Alitalia, which had just failed to find a...

Tourism and air transport: The new Low Cost offensive

Tourism and air transport: The new Low Cost offensive

405 vues
October 30th, 2019 0

Traditional European airlines are concerned about the new « low-cost » offensive. The latter have indeed...

Thai Airways has nothing to worry about. Back to a fake news that caused damage

Thai Airways has nothing to worry about. Back to a fake news that caused damage

210 vues
October 28th, 2019 0

Some media, including professional tourism media in France (all so-called numbers one, don’t laugh!)...