By Joanna Plucinska LONDON (Reuters) – British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline’s owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company. “It’s something that we are going to decide when (Globalia) take a decision about what they do with […]
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Exclusive-IAG will consider selling 20% stake in Air Europa, CEO says
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By Joanna Plucinska
LONDON (Reuters) – British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline’s owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company.
“It’s something that we are going to decide when (Globalia) take a decision about what they do with the company. We can stay or we can leave,” IAG CEO Luis Gallego told Reuters.
IAG scrapped a deal to buy Air Europa last year after it couldn’t convince EU competition regulators that its proposed remedies were sufficient.
(Reporting by Joanna Plucinska. Editing by Mark Potter)