Finally ¿thaté notó with the purchase of Iberia a Air Europa? IAG and Globalia have updated the process, this is what they have reported.
What it will meanía, in case it materializes, the trainingón of one of the aerolíneas más powerful in terms of transatl flightsánticos connected Europe and América has taken a turn, but inside everything, from trial and to intendón is maintained.
One of the news that más has resonated in the aero industryáutica in the úrecent times has once again shown how great this event is, but within a pand contextémica far from finished and the aerosolílines by adjusting their processes and operationsón looking for profitability, some things have changed.
¿Is there a purchase or not??
The statement presented by Iberia and IAG dictates the following:
IAG has just notified the CNMV, a través of 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, themselvesúin which Iberia acquiredíto the compañía Air Europa.
Finally it has been impossible to close with éxito una operationón so stratumélogic for the future of connectivityéSpain areaña, the reinforcement of the Madrid hub, the development of our quality tourism and the recoveryón of the economyíto española.
Because it is an operationón key for the país and very important for both companiesñías, At Iberia we have committed to exploring different alternatives for shareholding structures to try to articulate this operation.ón con Air Europa.
for all this, IAG payá a 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 negotiationón and to also eliminate any claimón pending related to the previous acquisition agreementón.
Both parties have agreed that these quantitiesíto deduceán of the future purchase price, if a new commitment is reached.
In this way, to put the focus precisely on recoveryósector number, contribute to the maintenance of thousands of jobs, and guarantee the development of a key industry for tourism in our countryís, We have closed an agreement of intentions with Globalia to evaluate the aforementioned alternatives and other structures that may be interesting for both companies.ñías, 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 Spainñto continue improving the connectivity of the countryís and continue promoting the Madrid hub to make it competitive with other European airports.
For now Globalia has not commented onúobligingly, but the purchasing process advancesá under new conditions, also waiting for what the respective market control entities have to give their opinion on the matter..
¿Be specificá this play? We will have to waitás time.
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.