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Published 11 days ago

Brussels questions the purchase of Air Europa by Iberia, considering that prices may rise

Summary by La Vanguardia
Partial brake, although expected, on the purchase of Air Europa by IAG. The European Commission today published its document of “objections” to the operation seeking the merger of Globalia's airline with Iberia. The Brussels conclusion is that the initial plan proposed by the buyer may have adverse effects on competition on several routes, both internal to Spain and to Europe and Latin America, and that the traveler could suffer an increase in t…

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La VanguardiaLa Vanguardia

Brussels questions the purchase of Air Europa by Iberia, considering that prices may rise

Partial brake, although expected, on the purchase of Air Europa by IAG. The European Commission today published its document of “objections” to the operation seeking the merger of Globalia's airline with Iberia. The Brussels conclusion is that the initial plan proposed by the buyer may have adverse effects on competition on several routes, both internal to Spain and to Europe and Latin America, and that the traveler could suffer an increase in t…

11 days ago·Granada, Spain
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VozpópuliVozpópuli

Brussels objects to the merger of Iberia and Air Europa, considering that prices will rise

The European Commission (EC) announced this Friday to Iberia and Air Europa its objections to their merger after carrying out an in-depth investigation and considering that passengers may have to face an increase in prices and/or a decrease in the quality of services. The 'Statement of Objections' (SO) on the Air Europa purchase transaction states that this transaction has adverse effects on competition, mainly due to the reduction in the number…

11 days ago
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Eldiario.esEldiario.es

Brussels objects to the merger of Iberia and Air Europa

European Commission opposes, for now, the acquisition of Air Europa by International Consolidated Airlines Group (IAG) despite the proposed concessions in the process by the companies. The Brussels authority has sent objections to both companies over their merger process based on the operation restricting competition in the air transport market, especially in national routes and Spain's connection to Latin America, and that it could lead to high…

11 days ago·Spain
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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