IAG remains interested in investing in TAP Air Portugal, provided a deal would allow IAG enough freedom to manage the airline as it sees fit, CEO Luis Gallego said.
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.
The top 20 airline groups as measured in revenue passenger kilometers (RPKs) for 2023 reveal a traffic performance 30% higher than the top 20 carriers in 2022.
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.
IAG has formally notified the EC of its plans to acquire Air Europa and pledged to propose remedies it hopes will allow for quick approval of the deal in 2024.
"We are going to revamp [LEVEL], developing the AOC to operate long-haul flights the way we announced when we launched the company,” IAG CEO Luis Gallego said.
