IAG in talks to address Air Europa bid concerns [Reuters]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: Reuters
in order to address EU regulators' concerns that its bid for Air Europa may reduce competition and lead to price increases. IAG, which also owns Spanish carrier Iberia, aims to secure full control of Air Europa, but the European Commission last month about the impact on Spanish domestic routes as well as long-haul routes. "Regarding Air Europa's acquisition, we continue to make progress with the European Commission and have already shared with them the potential airlines that would take over the routes renounced as part of the remedy package," IAG said in a statement in a call with Spanish media outlets. It added that "as shared before, we have received a lot of interest from different carriers and are working with Avianca, Binter, Iberojet, Ryanair, Volotea, and World2Fly as potential remedy takers both on long-haul and short-haul routes". IAG has until June 10 to submit remedies. In February 2023, IAG said it had agreed to 400 million euros ($430.84 million) to Spanish tou
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