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Finalmente ¿qué pasó con la compra de Iberia a Air Europa? IAG and Globalia have updated the process, this is what they have reported.
what it would mean, in case it materializes, the formation of one of the most powerful airlines in terms of connected transatlantic flights Europe and America has taken a turn, but inside everything, the process and intention remains.
One of the news that has resonated the most in the aeronautical industry in recent times has once again shown how great this event is., but within a pandemic context far from over and airlines adjusting their processes and operations seeking profitability, some things have changed.
¿Hay compra o no?
The statement presented by Iberia and IAG dictates the following:
IAG has just notified the CNMV, through a Relevant Fact, that has agreed with Globalia to jointly terminate the agreement signed on 4 November 2019 and modified the 20 of January of 2021, according to which Iberia acquired the company Air Europa.
Finally, it has been impossible to successfully close such a strategic operation for the future of air connectivity in Spain., the reinforcement of the Madrid hub, the development of our quality tourism and the recovery of the Spanish economy.
Because it is a key operation for the country and very important for both companies, At Iberia we have committed to exploring different alternatives for shareholding structures to try to articulate this operation with Air Europa..
for all this, IAG will pay Globalia 35 million euros additional to the 40 initially agreed, as a sign of commitment to reach an agreement in the second phase of the negotiation and to also eliminate any pending claims related to the previous acquisition agreement.
Both parties have agreed that these amounts will be deducted from the future purchase price, if a new commitment is reached.
In this way, to put the focus precisely on the recovery of the sector, contribute to the maintenance of thousands of jobs, and guarantee the development of a key industry for tourism in our country, We have closed an agreement of intent with Globalia to evaluate the aforementioned alternatives and other structures that may be interesting for both companies., offering similar benefits to its shareholders, clients and employees, before the end of January 2022.
In parallel, We will continue working with the Government of Spain to continue improving the country's connectivity and continue promoting the Madrid hub to make it competitive with other European airports..
For now Globalia has not made a public statement, but the purchase process will advance under new conditions, also waiting for what the respective market control entities have to give their opinion on the matter..
¿Se concretará esta jugada? We will have to wait longer.
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Regardless of the interests that both airlines have in being stronger together to turn Madrid Barajas into a major operations center in Europe, I think that the Covid-19 Pandemic hinders demand not only for IBERIA and Air Europa but for all airlines.. The 2022 is still uncertain, It seems that there will be confinements in different countries and possibly a reduction in travelers, therefore it does not yet justify the merger.
They should wait for everything to finally stabilize., Even though I am not a big fan of this situation..
I really hope that this happens because it would be a great deal to be an airline with a great impact in Europe., I understand that there may be several problems such as that Iberia operates Airbus aircraft and Air Europa operates Boeing but even so I think they would complement each other very well.. Greetings
Let's see what the market control entities think.