The International Airlines Group (IAG) has announced it will convert the €100 million loan it gave to Globalia to a 20% share stake at Air Europa. Acquiring this share will only be possible by also keeping Air Europa and Iberia –a key member of IAG and Spain’s main carrier– independent of each other.
IAG, the new shareholder of Air Europa
On March 17, IAG and Globalia (current owner of Air Europa) announced an agreement in which the airline group would give the Spanish touristic…