IAG ready to acquire Air Europa

The parent company of British Airways, International Airline Group has agreed to buy Air Europa for $1B!

IAG ready to acquire Air EuropaBy 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”

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