International Airlines Group (IAG) has exercised its option to convert a €100 million loan to Spanish carrier Air Europa into a twenty percent share, it announced on August 16 in a regulatory filing. This means that IAG has finally got a foot in the door with the...
International Airlines Group (IAG) is not giving up on its plans to acquire Spanish carrier Air Europa. IAG and the airline’s owner Globalia have reached an agreement for a seven-year, unsecured loan of €100 million. It also provides exclusivity to IAG for one year to...
It will take at least another six months to be completed, but the acquisition of independent Spanish airline Air Europa by International Airlines Group’s subsidiary Iberia has taken another hurdle. In an amended agreement announced on January 19, Iberia said it will...
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