IAG to acquire Air Europa for $1.11 billion

IAG to acquire Air Europa for $1.11 billion

British Airways and Iberia parent IAG has signed an agreement to acquire rival Air Europa for $1.11 billion. Under the terms of the agreement, Iberia would acquire all shares of Air Europa and the sale is expected to be completed in the second half of 2020. Air Europa serves European and long-haul routes with 66 aircraft to 69 destinations in Latam, the US, the Caribbean and North Africa.

Timothy
Timothy
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