IAG Expects To Take Air Europa Ownership Stake Within Six Months

Credit: Globalia
International Airlines Group (IAG) hopes to have a 20% equity stake in Air Europa within six months by triggering a convertible loan it made to Globalia, the parent company of the Spanish airline. IAG CEO Luis Gallego said May 6 that the airline group was still awaiting waivers from banks related to...
Helen Massy-Beresford

Based in Paris, Helen Massy-Beresford covers European and Middle Eastern airlines, the European Commission’s air transport policy and the air cargo industry for Aviation Week & Space Technology and Aviation Daily.

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