British Airways’ owner IAG has again abandoned its plans to acquire Spanish carrier Air Europa after the EU raised objections to the deal on competition grounds.
IAG has abandoned its plans to acquire Spanish carrier Air Europa
IAG, which also owns Aer Lingus, Iberia and Vueling, announced the end of its pursuit of Air Europa on Thursday (1 August) blaming the "current regulatory environment" for the move.
The decision came just hours before revealing an operating profit of €1.3 billion for the first half of 2024 – up by 3.9% on the same period last year – thanks to “continued robust demand” for travel across its airlines.
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