IAG, Iberia boards to review AirEuropa buy this week, report says

IAG and its Spanish unit Iberia will hold board meetings this week to decide whether to go ahead with the acquisition of Spanish carrier Air Europa, Spanish news website ElConfidencial said on Tuesday. IAG agreed to buy Air Europa for E1b in November 2019, but has been seeking to reduce the price amid the travel crisis caused by the COVID-19 pandemic. Both IAG and Iberia declined to comment, while officials at Globalia, the owner of Air Europa, were not immediately available for comment. The deal was designed to enhance IAG’s operations on routes to Latin America and the Caribbean.<br/>