Iberia Completes Purchase Of Air Europa at Significant Discount

After more than a year since the initial agreement was signed, Iberia has announced today the finalized acquisition of Air Europa. In November 2019, IAG, the parent company of Iberia, closed the purchase of Air Europa to create a great Spanish super-carrier, all while transforming Madrid Barajas Airport in one of the main European hubs. The COVID-19 pandemic previously caused negotiations to freeze as both companies have faced a decline in traffic of more than 60%. However, Iberia’s president has…