IAG Buys Air Europa in Cut-Price $607 Million Airline Deal

Iberia is buying Air Europa on behalf of IAG, and will not pay the $606.7 million until the sixth anniversary of the acquisition's completion. Olivier Cabaret / Flickr

Skift Take: A smart negotiation from the owner of British Airways and Iberia, which now gets to expand into Latin America while there's no payment due for another six years.

— Matthew Parsons

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