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European Commission statement on IAG withdrawing bid to acquire Air Europa: “The merger would have negatively affected competition on a large number of domestic, short-haul and long-routes within, to and from Spain on which the two airlines compete closely.” https://t.co/2uVekeUwrk
🗣️Here below you can read the statement by Executive Vice-President @vestager on the announcement by IAG to withdraw from proposed acquisition of #AirEuropa 👇 🔗https://t.co/SfGkZrofOB #EUCompetition #EUMergerControl https://t.co/5fZ0NZjCg3
British Airways Owner IAG Scraps Deal to Acquire Air Europa https://t.co/hsvkesFQny
International Airlines Group (IAG), the parent company of British Airways, has officially abandoned its plan to acquire the Spanish airline Air Europa. The decision follows scrutiny from the European Commission, which expressed concerns that the merger would negatively impact competition on numerous domestic, short-haul, and long-haul routes within, to, and from Spain, where both airlines compete closely. The announcement has been confirmed by multiple sources, including IAG and various news outlets.
