The parent company of British Airways, International Airline Group has agreed to buy Air Europa for $1B!
By this. Madrid will become an European hub.
Air Europa is an Spanish Airline.
International Airline Group had a $3.2 billion profit in 2018.
Walsh said that “Acquiring Air Europa would add a new competitive, cost effective airline to IAG, consolidating Madrid as a leading European hub and resulting in IAG achieving South Atlantic leadership”