MADRID, Nov 17 (Reuters) - International Consolidated
Airlines Group has managed to cut the purchase price
for Spanish carrier Air Europa to 300-400 million euros
($355-$474 million), news website El Confidencial reported on
Tuesday citing unidentified sources.
The London-based group would pay the new price for Air
Europa in IAG shares, El Confidencial reported.
IAG's top executives had said they were reviewing the
acquisition unveiled a year ago with a price tag of 1 billion
euros before the coronavirus pandemic ravaged the travel
industry.
This month, the Spanish government announced a 475 million
euro aid package for Air Europa.
IAG's Spanish unit Iberia declined to comment, while
officials at Globalia, the owner of Air Europa, were not
immediately available for comment.
($1 = 0.8439 euros)
(Reporting by Inti Landauro and Jesus Aguado; editing by Jason
Neely)