CMA to investigate IAG / Air Europa merger

The UK’s Competition and Markets Authority (CMA) is 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). The CMA has invited comments on its investigation that considers “whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within