LONDON, UK: International Airlines Group (IAG) and Globalia have terminated the agreement signed on 4 November 2019 and amended on 20 January 2021, under which IAG’s subsidiary, Iberia, had agreed to acquire the entire issued share capital of Air Europa. IAG has also reached an understanding with Globalia to evaluate, before the end of January…
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Amended Agreement: Air Europa acquisition price reduced by 50% to €500 million
LONDON: International Airlines Group (IAG) and Globalia have amended the original agreement announced on 4 November 2019 under which IAG’s subsidiary, Iberia, has agreed to acquire the entire issued share capital of Air Europa. Under the terms of the Amendment Agreement, the parties have agreed that the amount to be paid by Iberia for Air…