Air Europa Líneas Aéreas

Air Europa is a Spanish carrier based in Mallorca. The carrier operates scheduled and charter services from its operating bases in Madrid, Barcelona and Tenerife South to domestic and international destinations. The airline was founded in 1986 and operates a range of narrowbody and widebody aircraft.

In Nov-2019, IAG announced Iberia and Air Europa signed definitive transaction agreements for Iberia to acquire the entirety of Air Europa's issued share capital for EUR1 billion. IAG confirmed that its plan to integrate Air Europa Lineas Aereas includes removing Air Europa from SkyTeam. Iberia CEO Luis Gallego commented on the purchase agreement with Air Europa Lineas Aereas, stating that the process could take 18 to 24 months.

In Dec-2020, IAG gave the go ahead for the acquisition of Air Europa Lineas Aereas by Iberia. Iberia and Air Europa reached a sale agreement for EUR500 million to be paid in 2026.

In Feb-2022, Globalia president Juan Jose Hidalgo reported Air Europa Lineas Aereas has sufficient margin to support its search for an alternative partner to Iberia until 2026. Mr Hidalgo stated it was clear to him that the EU would not authorise the purchase by Iberia under the previously agreed terms, especially once IAG was no longer within the remits of the EU.