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Investing.com -- International Airlines Group (LON:ICAG) (IAG), the parent company of British Airways, is contemplating whether to sell its 20% stake in Spanish airline Air Europa. This consideration comes as Air Europa’s owner, Globalia, continues discussions with Air France-KLM and Lufthansa about selling a stake in the company.
The decision to stay or leave will be made when Globalia finalizes its plans for the company, according to IAG CEO Luis Gallego. Last year, IAG had abandoned a deal to acquire Air Europa after failing to persuade EU competition regulators that its proposed solutions were adequate.
IAG’s potential sale of its stake in Air Europa reflects the ongoing negotiations and strategic decisions being made in the airline industry. As these discussions progress, the future ownership structure of Air Europa remains uncertain.
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