Friday 18 December 2020
On Watch: IAG agrees to €500m Air Europa discount deal
IAG agreed to a €500 million ($613.2 million) purchase of Air Europa on 17th December, according to Spanish newspaper El Confidencial, citing unnamed sources. This is a 50% discount from November 2019’s original €1 billion ($1.23 billion) agreement, with all payment deferred until 2026.
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