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IAG, Air Europa see Avianca and Volotea create JV to bid for remedies in EU merger review

( June 25, 2024, 13:30 GMT | Insight) -- Colombian airline Avianca and Spanish carrier Volotea today announced the formation of a joint venture to take up divestments that IAG and Air Europa have offered to win EU approval for their merger, MLex has learned. The move is designed to address the European Commission’s misgivings about whether dispersing routes to separate competitors would be enough to compensate for the loss of Air Europa as a single committed network carrier.Colombian airline Avianca and Spanish carrier Volotea today announced the formation of a joint venture to take up divestments that International Consolidated Airlines Group and Air Europa have offered to win EU approval for their merger, MLex has learned....

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