The European Commission is not satisfied with the remedies that IAG International Airlines Group has offered for the acquisition of Air Europa (UX, Palma de Mallorca) through its Spanish subsidiary Iberia (IB, Madrid Barajas) and could block the deal, the Financial Times reported.

According to the newspaper, the competition regulator has urged IAG to relinquish up to 58% of the frequencies Air Europa operated in 2023 to other airlines. The holding company recently offered up to 52% of the…

Source: ch aviation
Read more: EU could block IAG/Air Europa merger – report