The current managers of Air Europa, which include the Sociedad Estatal de Participaciones Industriales (SEPI), consider that the company is viable and are already working on an alternative plan for achieving the sale. | Pere Bota
The Government officially announced yesterday that it is committed to helping Air Europa to ensure its continuity, following the decision by Brussels not to authorise the sale of the company by the airline group IAG (Iberia). The general director of Ports and Airports, Xavier Ramis, said: "We are concerned about the loss of connectivity and we are committed to the continuity of Air Europa because it avoids monopolies on routes with the Balearic Islands". Ramis considered negative the position of the European Commission, "because it occurs in a context marked by the pandemic and the loss of competitiveness that it has caused, hence for the Government is a priority to maintain the airline in the Balearic market".
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Excellent news. Air Europa should stay open for business, away from huge groups like IAG, Air France/KLM etc. I fly Air Europa several times per month, even if I have to pay a little more.
Business news reports state IAG pulling out of talks on airline take over. State aid rules limit government action, so unless some deep pocket investors come riding to the rescue looks like good bye air europa. That gives the same monopoly outcome the European Commission state they wish to avoid. My be paddy air will come to the rescue but I doubt it. All airlines are stressed financially and the less capacity available will help profitability if they can raise prices. Already happening in U.K. since Thomas cook demise..