UK Follows EU in Probe of IAG’s Proposed Buy of Air Europa | Aviation International News

UK Follows EU in Probe of IAG’s Proposed Buy of Air Europa

Britain’s competition regulator opened an investigation into whether the planned takeover of Spain’s Air Europa by IAG would hinder competition.

An Air Europa Boeing 737-800 takes off from Mallorca. (Photo: Air Europa)

By Cathy Buyck • Contributor - Europe

November 23, 2021

The proposed acquisition of Air Europa by International Airlines Group (IAG) is proving to be more complex than initially anticipated by the parties, after Britain’s competition regulator decided to open its own investigation into the merger. In a statement released on Monday, the UK’s Competition and Markets Authority (CMA) confirmed it had concerns whether the combination of IAG with Air Europa “may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.” The CMA set a January 19, 2022, deadline for its initial investigation decision, at which time it can clear the buyout or open a phase 1 investigation.

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