{"id":118687,"date":"2021-11-22T13:21:00","date_gmt":"2021-11-22T13:21:00","guid":{"rendered":"https:\/?p=118687"},"modified":"2021-11-22T13:22:13","modified_gmt":"2021-11-22T13:22:13","slug":"british-competition-investigates-iags-air-europa-deal","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/11\/british-competition-investigates-iags-air-europa-deal.html","title":{"rendered":"British competition watchdog investigates IAG’s Air Europa deal."},"content":{"rendered":"\n

Britain’s competition regulator is examining whether British Airways owner IAG’s planned 500 million euro ($563.2 million) purchase of Spain’s Air Europa would harm competition in the UK, the watchdog said on Monday.<\/p>\n\n\n\n

\u2192 Iberia will operate two daily flights to Bogota starting in February.<\/a><\/strong><\/em><\/p>\n\n\n\n

IAG had announced its plans to buy Air Europa for 1 billion euros in 2019, but the price was cut in half this year after the airline industry was sent into a tailspin by the COVID-19 pandemic. read more<\/p>\n\n\n\n

The British company has already offered concessions to address EU antitrust concerns over the deal, a filing showed last month, though details were not provided, Reuters<\/a> reported.<\/p>\n\n\n\n

The European Commission opened an in-depth investigation in June, voicing concerns that the proposed transaction would reduce competition on Spanish domestic routes and on international routes to and from Spain.<\/p>\n\n\n\n

\u2192 Air Europa will resume flights to Cordoba (Argentina) starting in February.<\/a><\/strong><\/em><\/p>\n\n\n\n

The deal, which involves Iberia buying Air Europa on behalf of IAG, had sparked opposition from the Unite union over jobs and from rival carriers.<\/p>\n\n\n\n

The Competition and Markets Authority (CMA) said it has a Jan. 19 deadline for its initial investigation decision.<\/p>\n\n\n\n

“We will collaborate with the CMA. The London-Madrid route is highly competitive and is already part of the European Commission (investigation) process,” IAG said on Monday.<\/p>\n\n\n\n

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