RE: BREAKING NEWS - I’m coming live to you today from Laceby near Grimsby11 Jun 2024 16:20
(Updates headline an the first two paragraphs to include the statement from IAG)
International Consolidated Airlines Group ($IAG, $IAG), d/b/a IAG, on Monday submitted a new remedy package to the European Commission over its proposed takeover of Spanish carrier Air Europa.
In a Tuesday statement sent to MT Newswires in response to a Reuters report about the matter, the British Airways owner said the new proposals include "improvements that have come from the constructive dialogue" with the commission.
Reuters reported earlier on the same day, citing an unnamed source, that the new remedy package will surrender 52% of Air Europa's 2023 flights to competitors under previously signed memoranda of understanding.
The commission is expected to give its decision on the acquisition by Aug. 20.
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$IAG
Source: MT Newswires