IAG Converts Loan Into 20% Air Europa Stake

Air Europa
Credit: Oscar Del Pozo / AFP / Getty Images
International Airlines Group (IAG) has become a shareholder in Air Europa, after converting its loan to parent company Globalia into a 20% stake in the Spanish airline. In a statement released Aug. 16, IAG CFO Nicholas Cadbury said, “Further to the announcement made by [IAG] on March 17, 2022...

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