IAG to buy AirEuropa

Breaking News:

International Airlines Group, based in Madrid, owners of British Airways, Aer Lingus, Level, Vueling and Iberia, is to buy AirEuropa.

The €1 billion deal will add the airlines fourth Spanish based airline after Madrid based Iberia and Barcelona based Vueling and Level.

AirEuropa’s Madrid based fleet consists of :

The airline operates a mix of scheduled and charter services and operates along similar lines to TUI.