A day after the European Commission announced an in-depth investigation into the proposed acquisition of ITA Airways by Lufthansa, Brussels presents another one: IAG’s proposed acquisition of independent Spanish carrier Air Europa. Again, the EC is concerned that the acquisition might reduce competition in Spain and on various international routes, it said on Wednesday.
International Airlines Group (IAG) notified the European Commission on December 11 of its intention to acquire Air Europa. The proposal dates back to November 2019, when IAG was prepared to pay €1.0 billion for the carrier that is owned by Globalia.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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