Air France-KLM is eyeing a potential investment in Air Europa and is in discussions with the Spanish leisure carrier’s owner Globalia, CEO Ben Smith says.
Air France-KLM has confirmed it is in talks with Air Europa, which is owned by Globalia, amid reports that it is looking to buy a stake in the Spanish carrier.
For an airline group that came into being through consolidation, the failure of IAG's latest planned deal to take over Air Europa must be a big disappointment.
After dropping its proposed acquisition of Air Europa, IAG's CEO still sees benefits of consolidation and retains an interest in buying TAP Air Portugal.
IAG CEO Luis Gallego told an audience at Farnborough Airshow that recent action by the European Commission bodes well for its proposed acquisition of Air Europa.