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An Air Europa 787-8 in Madrid (Photo: AirlineGeeks | William Derrickson)

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…

WestJet Shareholders Approve Onex Acquisition

During a special meeting held at WestJet’s headquarters in Calgary on Tuesday, airline shareholders and option holders overwhelmingly voted to approve the acquisition agreement reached by WestJet and Onex Corporation (Onex) on May 12, 2019. Under the terms of the purchase, Onex and its affiliated funds will acquire all outstanding…