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IAG-owned Iberia is in the process of acquiring its Spanish rival, Air Europa. This would strengthen the group’s grip on the market by further reducing competition and cementing IAG’s dominance at Madria-Bajaras Airport, leading to higher prices for the flying public.
The EU’s antitrust unit has been examining the proposed deal and released some findings on Friday that indicate it would not favor it unless the group extends further remedies to ensure a fair and competitive market.
This was published by LoyaltyLobby, to read the complete post please visit https://loyaltylobby.com/2024/04/27/eu-indicates-opposing-iags-air-europa-deal-without-further-remedies/?omhide=true.