All Air Europa articles – Page 2
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NewsIAG purchase of Air Europa still alive but only under new deal structure
IAG is exploring options to continue with its purchase of Air Europa under a freshly agreed deal structure, according to the pan-European airline group’s chief executive Luis Gallego.
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NewsIAG in talks to scrap Air Europa takeover
British Airways and Iberia parent IAG is intending to scrap its planned acquisition to take over Spanish operator Air Europa. IAG states that discussions to “terminate the agreement” to acquire Air Europa are “at an advanced stage”. Under the proposal Iberia would have taken over the entire share capital of ...
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NewsUK competition regulator opens inquiry into IAG-Air Europa merger
UK competition regulators have opened a two-month initial inquiry into British Airways parent IAG’s proposed acquisition of Spanish carrier Air Europa. The Competition and Markets Authority is inviting comments on whether the acquisition is likely to result in a “substantial lessening” of competition within any of the UK markets. It ...
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NewsItaly’s ITA Airways seals codeshare with Air Europa
New Italian carrier ITA Airways has struck a codeshare deal with Spain’s Air Europa, as it continues to fill the gap left after Alitalia ceased flights last month.
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NewsIAG chief Gallego ‘less optimistic’ about stalled Air Europa deal
IAG chief executive Luis Gallego is “less optimistic” about completing a deal to acquire Spanish carrier Air Europa, but talks are continuing with the latter’s parent company Globalia, regulators and the Spanish government.
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NewsAir Europa would be ‘able to continue’ without IAG investment
Air Europa remains confident that IAG can close its acquisition of the company within the agreed timeframe, but the Spanish carrier could continue to operate should the deal fail to complete, its aircraft fleet manager Xisca Mateu Brunet has indicated.
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NewsAir Europa names new director general amid leadership tensions
Richard Clark has been appointed as director general of Air Europa amid what local media have characterised as “great turbulence” around leadership of the Spanish carrier.
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NewsIAG-Air Europa tie-up faces scrutiny over Spanish route competition
Iberia parent IAG’s planned acquisition of fellow Spanish carrier Air Europa is to face in-depth scrutiny by European regulators concerned over the potential competition effects on Spanish routes. The European Commission is opening a probe into the proposed takeover, which underwent a revision in the wake of the air transport ...
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NewsAir Europa to reinstate 87% of long-haul routes in July
Air Europa will restore the majority of its US and Latin American services next month, when it will operate 87% of its pre-pandemic long-haul routes.
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NewsBA owner IAG hopes for ‘decent’ summer season from July
European airline group IAG is expecting a “decent” summer season from July onwards, following a slower-than-expected recovery in demand during the first half of the year.
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NewsGallego sees Air Europa deal more likely to close in late 2021
IAG chief executive Luis Gallego expects completion of the group’s planned acquisition of Spanish carrier Air Europe to be nearer to year-end, having set a second-half target to close the delayed deal.
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NewsAir Europa negotiates lease deferrals
Lessors are discussing new rent-deferral arrangements with Air Europa as the Spanish carrier navigates towards fresh state-backed financial support, sources have told Cirium.
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NewsIAG aims to seal revised Air Europa purchase in second half
Iberia parent IAG has confirmed it has struck an amended agreement with Globalia to acquire Air Europa for €500 million, half the price envisaged when the deal was originally agreed in November 2019.
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In depthHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsSpain agrees €475m Air Europa aid package
Spain’s cabinet has agreed a €475 million ($552 million) support package for Air Europa, the first funding delivered under a wider scheme established by the government in July. The funds have been released as part of a €10 billion solvency support fund for strategic companies set aside by the Spanish ...
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NewsAir Europa acquisition remains justified: IAG’s Walsh
IAG is striving to close the acquisition of Air Europa by the end of this year, undeterred by the impact of the air transport crisis, although it is reviewing the structure of the €1 billion ($1.2 billion) deal in response to the downturn. While outgoing IAG chief Willie Walsh has ...
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NewsAir Europa deal still makes sense but work to do to complete: Walsh
IAG chief executive Willie Walsh believes its planned acquisition of Spanish carrier Air Europa still makes strategic sense but notes work is still ongoing regarding pricing and competition issues before a decision on completion can be made. The Iberia and Vueling parent in early November outlined its plan to acquire ...
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NewsIberia hands Spanish slots to Volotea to ease IAG-Air Europa approval
Spanish carrier Volotea is poised to ease Iberia parent IAG’s acquisition of Air Europa, by reinforcing competition on overlap routes that might otherwise attract European regulatory objections. Under a provisional agreement with IAG, Volotea would open at least two, and up to four, bases in Spain in order to pick ...
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News
Alliances 'poor substitute' for true mergers: IAG's Walsh
IAG chief Willie Walsh believes airline alliances are still relevant, owing to restrictions in the air transport industry, but that true corporate mergers are a much more preferable course.
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News
IAG needs to rationalise its multiple airline brands: Walsh
IAG has indicated that it is looking at rationalisation of its multiple airline brands, although it intends to maintain the name of its latest acquisition prospect, Air Europa, at least initially.
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