End of one of the major operations of the world air market. Globalia has reached an agreement with IAG for the sale of the 80% that it still controlled in Air Europa Holding in exchange for 400 million euros. This operation reinforces the role of Madrid-Barajas as a European ‘hub’ and opens a new window of opportunity for Iberia, with a view to expanding its relations with Latin America and the Caribbean.
IAG buys Air Europa from Globalia for half of the 1,000 million agreed
Date: March 24, 2023 Time: 03:02:22