IAG to cut Air Europa price tag to 300-400 million euros: El Confidencial
International Consolidated Airlines Group ICAG.L has managed to cut the purchase price for Spanish carrier Air Europa to 300-400 million euros ($355-$474 million), news website El Confidencial reported on Tuesday citing unidentified sources. The London-based group would pay the new price for Air Europa in IAG shares, El Confidencial reported. IAG’s top executives had said they were reviewing the acquisition unveiled a year ago with a price tag of 1 billion euros before the coronavirus pandemic ravaged the travel industry. <br/>
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IAG to cut Air Europa price tag to 300-400 million euros: El Confidencial
International Consolidated Airlines Group ICAG.L has managed to cut the purchase price for Spanish carrier Air Europa to 300-400 million euros ($355-$474 million), news website El Confidencial reported on Tuesday citing unidentified sources. The London-based group would pay the new price for Air Europa in IAG shares, El Confidencial reported. IAG’s top executives had said they were reviewing the acquisition unveiled a year ago with a price tag of 1 billion euros before the coronavirus pandemic ravaged the travel industry. <br/>
