IAG and Globalia confirm discussions to terminate Air Europa’s acquisition

International Airlines Group (IAG) and Globalia have confirmed today that discussions are at an “advanced stage to terminate the agreement” for Iberia to acquire the entire issued share capital of Air Europa, which had been signed on 4 November 2019 and amended on 20 January 2021. The UK’s Competition and Markets Authority (CMA) had been investigating the anticipated acquisition of Air Europa Líneas Aéreas, Aeronova, León Activos Aeronáuticos, and Globalia Lease Finance Seven (together, Air Europa) by International Consolidated Airlines Group (IAG). It has not been disclosed it competition concerns were at the root of the decision to abandon the