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IAG/Air Europa merger (M.11109): European Commission Phase II investigation, competition concerns on Spanish and Madrid routes, failed remedies and abandonment; archived case hub

Practice notes
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CASE HUB ARCHIVED

This archived case hub captures the position as at the point the parties walked away from the transaction on 2 August 2024; it is no longer being maintained. See further, the timeline.

Case facts

Outline

European Commission merger inquiry into the planned acquisition of Air Europa Holdings, S.L. by International Consolidated Airlines Group, S.A. (M.11109). The deal presents horizontal overlaps in the supply of passenger air transport services.

Latest developments

On 2 August 2024, the Commission stated it had taken note of the parties’ decision to drop the deal. The withdrawal follows the conclusions of the Commission’s phase II investigation and the parties’ failure to offer appropriate remedies.

Parties

  • International Consolidated Airlines Group, S.A. (IAG) IAG is headquartered in Spain. It is a multinational airline holding company quoted on the London Stock Exchange, with secondary listings on Spanish Stock Exchanges. It controls the Spanish carrier Iberia Líneas Aéreas de España, S.A. Operadora and the Spanish low-cost airline Vueling Airlines, S.A., as well as the UK carrier British Airways Plc, the Irish carrier Aer Lingus Limited, and...
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Web page updated on 21/05/2026

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