MADRID (Reuters) – British Airways and Iberia owner IAG has agreed to buy Spain’s Air Europa for 500 million euros ($613 million) with payment deferred until 2026, website El Confidencial reported.
IAG, its Spanish unit Iberia and Air Europa owner Globalia declined to comment on Friday on the El Confidencial report, which cited unnamed sources saying that the deal was on Thursday at half the original offer price.
After originally agreeing to buy Air Europa for 1 billion euros in November 2019,…
