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    Your email address will not be published.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

Airline ticket refunds: the 10 best companies to know

Airline ticket refunds: the 10 best companies to know

200 vues
April 3rd, 2020 0

Fabrice Dariot is the president of Bourses des vols/Bourses des voyages. For 20 years...

Aeromexico will use passengers aircraft for cargo

Aeromexico will use passengers aircraft for cargo

188 vues
March 31st, 2020 0

Due to the health contingency and, supporting the continuity of economies and businesses, Aeromexico...