Spain to have say in Aer Lingus owner's Air Europa takeover deal

IAG agreed to buy Air Europa for €1bn last November, but is seeking to reduce the price amid the travel crisis caused by the Covid-19 pandemic.
Spain to have say in Aer Lingus owner's Air Europa takeover deal

Spain has approved a €475m aid package for Air Europa. File picture: Steve Parsons

Tue, 03 Nov, 2020 - 21:54
Geoff Percival

The Spanish government will have a say in the potential sale of local airline Air Europa to Aer Lingus owner IAG.

IAG agreed to buy Air Europa for €1bn last November, but is seeking to reduce the price amid the travel crisis caused by the Covid-19 pandemic.

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