United Kingdom
United States
Asia Pacific
IAG takes 20% stake in Air Europa
British Airways owner IAG has officially taken a 20% stake in Spanish carrier Air Europa.
It converted the €100 million loan it provided earlier this year into the stake.
“IAG announces that it has exercised its option to exchange the group’s €100 million seven-year unsecured loan for a 20% equity stake in Air Europa,” IAG said.
IAG’ had previously offered €1 billion for control of Air Europa, and then reduced it to €500 million due to the pandemic.
Air Europa is the third largest airline in Spain, after Iberia and Vueling which are both owned by IAG.
That would make an acquisition of Air Europa problematic with EU regulators.
Air Europa currently has a fleet of about 40 aircraft.
Meanwhile, Air Europa’s UK and Ireland director, Colin Stewart was appointed new chair of the Board of Airline Representatives in the UK (BAR UK).
Related News Stories:
Ray Monty
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darren Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
BA pilot dies during layover
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls