IAG buys Air Europa for 1000M Euros
Nov 4, 19, 2:31 am
#1
Original Poster
Join Date: Jun 2016
Location: LHR
Programs: BA Gold, Accor Silver
Posts: 159
IAG buys Air Europa for 1000M Euros
Just landing at LHR and saw the news. Apologies if it has been posted somewhere else.
Link to the news in Spanish:
https://amp.elmundo.es/economia/empr...2a88b4616.html
Link to the news in Spanish:
https://amp.elmundo.es/economia/empr...2a88b4616.html
Nov 4, 19, 2:36 am
#3
Join Date: Jun 2014
Programs: Executive Club: Gold - Flying Blue: Gold
Posts: 1,331
Just landing at LHR and saw the news. Apologies if it has been posted somewhere else.
Link to the news in Spanish:
https://amp.elmundo.es/economia/empr...2a88b4616.html
Link to the news in Spanish:
https://amp.elmundo.es/economia/empr...2a88b4616.html
Nov 4, 19, 2:45 am
#4
Join Date: Mar 2008
Location: Around somewhere
Programs: Gold, Some red card and some hotel cards.
Posts: 685
Nov 4, 19, 2:55 am
#6
Suspended
Join Date: Aug 2019
Posts: 72
I cant imagine that the regulators will allow this out some concessions. 84% of the Spanish domestic share?
If IAG wants to improve the MAD hub I think they first need to address the customer service and ease of doing business issues at Iberia.
If IAG wants to improve the MAD hub I think they first need to address the customer service and ease of doing business issues at Iberia.
Nov 4, 19, 3:08 am
#7
FlyerTalk Evangelist
Join Date: Feb 2004
Location: London
Programs: BA, VS, HH, IHG, MB, MR
Posts: 26,784
Whilst legally Iberia's holding company is buying it, Air Europa is going to remain separate in the medium term.
Looks more like a BA / EI relationship than BA / BMI. Air Europa will be popped into the North American JV as a separate partner, for example.
Part of this may be the notice period required to leave SkyTeam. Interestingly IAG forgot to mention SkyTeam in the official press release!
My initial take here: https://www.headforpoints.com/2019/1...n-a-e1bn-deal/
I think I speak on behalf of everyone in travel media when I say that we could have done without this on the main day of World Travel Market :-)
Looks more like a BA / EI relationship than BA / BMI. Air Europa will be popped into the North American JV as a separate partner, for example.
Part of this may be the notice period required to leave SkyTeam. Interestingly IAG forgot to mention SkyTeam in the official press release!
My initial take here: https://www.headforpoints.com/2019/1...n-a-e1bn-deal/
I think I speak on behalf of everyone in travel media when I say that we could have done without this on the main day of World Travel Market :-)
Nov 4, 19, 3:13 am
#8
Join Date: Mar 2016
Location: KZ/EU
Programs: BAEC Gold
Posts: 37
Whilst legally Iberia's holding company is buying it, Air Europa is going to remain separate in the medium term.
Looks more like a BA / EI relationship than BA / BMI. Air Europa will be popped into the North American JV as a separate partner, for example.
Part of this may be the notice period required to leave SkyTeam. Interestingly IAG forgot to mention SkyTeam in the official press release!
My initial take here: https://www.headforpoints.com/2019/1...n-a-e1bn-deal/
I think I speak on behalf of everyone in travel media when I say that we could have done without this on the main day of World Travel Market :-)
Looks more like a BA / EI relationship than BA / BMI. Air Europa will be popped into the North American JV as a separate partner, for example.
Part of this may be the notice period required to leave SkyTeam. Interestingly IAG forgot to mention SkyTeam in the official press release!
My initial take here: https://www.headforpoints.com/2019/1...n-a-e1bn-deal/
I think I speak on behalf of everyone in travel media when I say that we could have done without this on the main day of World Travel Market :-)
https://www.cnmv.es/Portal/HR/verDoc...-6070bbea9019}
Nov 4, 19, 3:31 am
#11
Join Date: Aug 2001
Location: London. Edinburgh, Cornwall
Programs: BA GGL, British Midland Lifetime* Loser
Posts: 7,853
Air Europa will be joining Avios although I suspect it will be closer to an Aer Lingus arrangement (eg currency but no status or benefits).
It will be run by Iberia (gulp) as a standalone and the brand "will initially be retained" which doesn't sound very positive for the longer term.
It will be run by Iberia (gulp) as a standalone and the brand "will initially be retained" which doesn't sound very positive for the longer term.
Nov 4, 19, 3:46 am
#14
Join Date: Apr 2009
Location: FLR
Programs: BA Gold, LH Sen, FB Gold
Posts: 496
Well, I guess that is the "revenge" for LATAM leaving OW. If it were not for that, this should certainly raise enormous competition concerns! And I do not really see why IB would fly to some of the destinations with both mainline and with Air Europa; maybe split into different markets, like Air Canada does it with Rouge - IB for business-heavy routes and UX for leisure-heavy?
