What’s going on here?
International Consolidated Airlines Group (IAG) is considering selling its 20% stake in Air Europa as it eyes new avenues, specifically looking at acquiring a stake in TAP Air Portugal.
What does this mean?
IAG’s decision on Air Europa depends on Globalia’s negotiations with Air France-KLM and Deutsche Lufthansa. With the future of Air Europa in the balance, IAG’s interest in TAP signals a strategic shift. Acquiring TAP could enhance IAG’s competitive position across the…
