IAG announced the purchase of Air Europa for a value of one billion euros. The holding company of Iberia, British Airways, Aer Lingus, Vueling, and Level said that the operation "offers significant potential synergies in terms of costs and revenues." IAG informed that the acquisition should be completed in the second half of 2020 and that it has agreed to pay a cancellation fee of 40 million euros in the event that the relevant regulatory authorizations are not obtained and…
Air Europa applied last Friday to operate domestic flights within Brazil. The move is a direct result of new laws in Brazil allowing foreign airlines 100 percent ownership of Brazilian airlines, whereas foreign ownership was previously limited to 25 percent. Brazil's congress approved last Wednesday the new law, which included…
Irish low-cost carrier Ryanair and Globalia Group’s Spanish carrier Air Europa have announced an end to their cooperation that had enabled both airlines to share each other's long and short haul capabilities. Ryanair‘s head of marketing, Kenny Jacobs, cited the inability to integrate the computer and booking systems between both…
Over the past few years, Air Europa has been strengthening its route network between its hub in Madrid and Latin America, with flights to Guayaquil, Ecuador; San Pedro de Sula, Honduras and Cordoba, Argentina via Asuncion Paraguay, having been added in the last two years. The airline now flies to…
Spain's third-largest airline and Ryanair partner Air Europa is expanding and modifying its long-haul fleet, aiming for a fleet consisting exclusively of Boeing 787 Dreamliners to achieve ambitious goals, according to ABTA magazine. Air Europa’s current fleet consists of Boeing 787 Dreamliner and Airbus A330 aircraft, with the latter type being…
In May 2017, Irish ultra-low-cost carrier Ryanair and Globalia Group's Spanish carrier Air Europa announced a partnership that would advance in phases towards an improved passenger experience. The goal was simple: to mutually benefit from the other company's route offerings. Now, that plan seems to be moving forward. Air Europa…
