Globalia calls for €400 million bail-out 

Globalia, the airlines group that owns Air Europa, has requested €400 million euros from the  Spanish government rescue fund for strategic companies to recapitalise itself to deal with the impact of COVID 19. The request is currently being analysed by the government department, Sociedad Estatal de Participaciones Industriales (SEPI). If successful, the cash injection could help unblock Iberia’s purchase of Air Europa. Iberia’s purchase of Air Europa was announced last November, and was was pending approval by Spanish competition watchdogs, but progress stalled due to COVID 19. Previously IAG’s incoming chief executive, Luis Gallego said that he expected the operation to