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  • Photo: Air Europa

06.11.2019

Artikel Nummer: 29586

Britons still interested in Europe


British Airways-led International Consolidated Airlines Group (IAG) and Globalia have announced that definitive transaction agreements have been signed under which IAG’s wholly-owned subsidiary, IB Opco Holding (Iberia), has agreed to acquire the entire issued share capital of the Spanish carrier Air Europa for EUR 1 Billion, which will be paid in cash at completion (expected in H2/2020), subject to a closing accounts adjustment.

 

The move aims to transform IAG’s Madrid hub in Spain "into a true rival to Europe’s four largest hubs: Amsterdam (the Netherlands), Frankfurt (Germany), London Heathrow (UK) and Paris CDG (France)". It also "re-establishes IAG as a leader in the highly attractive Europe to Latin America and Caribbean market".

 

Air Europa's fleet includes five B787 and 12 A330 widebody aircraft with significant bellyhold capacity for airfreight. (ah)

www.iagcargo.com

 

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