The purchase of Air Europa by the IAG group (Iberia) was to turn Barajas airport in Madrid into a major hub for traffic distribution with the USA. | UH
The European Commission will soon announce that it does not approve or authorize the purchase and sale of Air Europa by Iberia as the conditions imposed have not been met. This places Globalia and IAG at a complex crossroads to achieve a business solution to this operation, according to sources. "Brussels was going to communicate it tomorrow (today), but will wait until Friday or next Tuesday to announce its final decision. The situation is very complicated and now it is time to face this situation in the best possible way," the same sources said yesterday.