{"id":103073,"date":"2020-11-17T13:40:35","date_gmt":"2020-11-17T13:40:35","guid":{"rendered":"https:\/?p=103073"},"modified":"2020-11-17T13:40:38","modified_gmt":"2020-11-17T13:40:38","slug":"iag-lowers-the-purchase-price-of-air-europa","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2020\/11\/iag-lowers-the-purchase-price-of-air-europa.html","title":{"rendered":"IAG lowers the purchase price of Air Europa."},"content":{"rendered":"\n

The Anglo-Spanish airline group IAG<\/strong> has reduced the purchase price of the Spanish airline Air Europa <\/strong>to between 300 and 400 million euros (between 355 and 474 million dollars), the digital newspaper El Confidencial reported on Tuesday, citing unidentified sources.<\/p>\n\n\n\n

See also:<\/strong> Ryanair appeals to justice for rescue of Air Europa by Spanish government.<\/a><\/p>\n\n\n\n

The London-based holding company would pay a large part of the new price of Air Europa with its own shares, according to El Confidencial.<\/p>\n\n\n\n

IAG had previously said that it was reviewing the purchase operation unveiled a year ago, which at the time was valued at 1,000 million euros before the coronavirus pandemic hit the tourism sector.<\/p>\n\n\n\n

This month, the Spanish government announced a 475 million euro aid package for Air Europa.<\/p>\n\n\n\n

By Reuters<\/a>
Information by Inti Landauro and Jes\u00fas Aguado; edited by Jason Neely; translated by Dar\u00edo Fern\u00e1ndez in the Gdansk editorial office.<\/p>\n\n\n\n

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