Category: IAG
-
European Airline Group IAG Once Again Abandons Takeover Bid For Spanish Rival Air Europa
Written by Mateusz Maszczynski @ PYOK The parent company of British Airways and Iberia, IAG, has once again abandoned a planned takeover of Spanish rival Air Europa and will be made to pay the airline’s owners a €50 million break fee after concluding that it was “in the best interest of shareholders” to terminate the…