The Board of IAG believes that the acquisition remains strategically important for the group and positions it to benefit from growth opportunities
Airline group IAG, parent company of British airlines British Airways and Iberia, on Thursday announced the acquisition of Air Europa for 500 million euros from the Spanish company Globalia.
“The Board of IAG believes that the acquisition remains strategically important for the group and positions it to benefit from growth opportunities in the Latin America and Caribbean market, as well as to increase connectivity to Asia,” it said in a statement.
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