LONDON, May 7 (Reuters) - The CEO of British Airways-owner
IAG said on Thursday the process for it to acquire
Spanish airline Air Europa was ongoing, although he noted that
the agreement between the pair did contain a price adjustment
mechanism.
There has been speculation that because of the coronavirus
pandemic IAG could look to walk away from the 1 billion euro
acquisition it announced last November or try to negotiate a
lower price.
"We still have to go through the full competition regulatory
approval process. And that is ongoing. So at this point, the
process continues," IAG CEO Willie Walsh told reporters.
He also said he supported measures such as temperature
checks at airports and the mandatory wearing of face masks to
help air travel restart in the wake of the pandemic.
(Reporting by Sarah Young; editing by Michael Holden)