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.
The EC's statement of objections is not an end decision but a formal step in the investigation in which companies involved are informed in writing of objections
Iberia Chairman and President Marco Sansavini says the completion of the Air Europa purchase is one of the main targets to securing Iberia’s future success.
It may turn out that a deal that took the industry by surprise when it was announced in late 2023 could be the first to take a concrete consolidation step.