British Airways owner takes 20 percent stake in Mallorca-based Air Europa
Deal valued Air Europa at 500 million euros
Air Europa plane
Air Europa and Iberia have been talking acquisition since before the pandemic.
Air Europa to get 100 million euros loan from Iberia
For now, the loan means that Iberia will have the option of a 20% stake in Air Europa.
Air Europa and the admirable Pepe
Negotiations with Iberia about the sale of Air Europa broke down a week or so before Christmas.
Takeover of Palma-based airline in doubt
"We want to keep pushing for this, but the situation has grown ever more complicated"
Air Europa and Iberia offering good deals
The purchase of Air Europa by Iberia (IAG) remains in doubt.
Air Europa and Iberia price war benefiting the Balearics
Round trip flights (mainland to the Balearics and back) from 28 euros.
Air Europa flying Afghans from Dubai
One of the Air Europa flights having landed in Madrid.
Air Europa flying over 2,000 Afghans from Dubai
Ten flights have so far been scheduled.
Air Europa plane
Air Europa, an airline promoting Mallorca.
Globalia headquarters in Llucmajor
The Globalia headquarters in Llucmajor.
Globalia headquarters security for state loan to Air Europa
Hotels in the Dominican Republic are apparently also being offered as guarantee.
Air Europa plane.
The sale of Air Europa comes with strings attached.
Iberia agrees a price for Air Europa, but there are conditions
Iberia will pay 500 million euros but not until 2026.
Air travel
What is Air Europa going to be worth?
There is an increasing possibility that the Spanish government could end up becoming Air Europa's major shareholder.
Business
Balearic interests will be defended in Air Europa sale
There would have to be one year of integration and three years during which Air Europa as a business would have to be maintained.
Business
Pilots union in favour of Air Europa acquisition
The Sepla pilots union at Iberia believes that the acquisition will be a positive factor in enabling expansion and consolidation.
Business
IAG group will not move Air Europa's headquarters outside Balearics
Priority is to strengthen the position of the group in the market, guarantee the brand and the collective agreements already signed.
Business
Air Europa employees face uncertainty
Air Europa employs some 3,800 people in all, 950 of whom are based in Majorca.
Business
IAG agrees to buy Air Europa
IAG will pay 1,000 million euros, but regulators will be scrutinising the acquisition.
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