IAG’s Iberia To Acquire Air Europa, Boosting Madrid Hub

Credit: Airbus
International Airlines Group (IAG) said its Spanish airline subsidiary Iberia would buy Air Europa from its current owner Globalia in a deal set to transform its Madrid base into a “true rival” to Europe’s biggest hub airports. IAG plans to pay €1 billion ($1.12 billion) for Air Europa, which...
Helen Massy-Beresford

Based in Paris, Helen Massy-Beresford covers European and Middle Eastern airlines, the European Commission’s air transport policy and the air cargo industry for Aviation Week & Space Technology and Aviation Daily.

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