The EU authorities regret that Brussels has not made known its position on the latest proposal from the IAG group, Iberia’s parent company, to buy Air Europa, and has merely limited itself to pointing out that it would be at risk, as they want to assess whether they are willing to accept it.
The approval of the alliance is likely to fail, as the transfer of routes would not be enough to guarantee competition, according to sources close to the European Commission who spoke to the Financial Times.
The EU authorities do not know what they could accept if the alliance was authorised because Brussels has not moved from its initial position, and they accuse it of only making comments indicating that IAG’s proposals are “insufficient”, as stated by Preferential.
For Iberia, the alliance “is essential to develop the Madrid hub to the level of those in northern Europe, to improve Spain’s connectivity – especially towards Asia – and to generate new opportunities for wealth creation and employment in our country,” according to the same media.
As reported by REPORTUR.usOn August 20, the European Commission will announce its decision on the purchase of Air Europa by the IAG group, with the proposal to deliver 53,705 Flights of the Globalia company to six airlines that it has already selected. (Air Europa-Iberia: six airlines will share 53,000 of the total Flights).
If the European authority does not set another deadline or new “stop the clock”, Iberia with the latest offer would be willing to give up 52% of Air Europa’s business, which corresponds to the 53,705 mentioned, since according to Aena data consulted by Preferente, it operated a total of 103,279 in 2023.
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