The European Union has expressed concerns over the potential anti-competitive effects of the International Consolidated Airlines Group’s (OTC:ICAGY) planned acquisition of Air Europa, valued at approximately $427.7 million.
IAG’s planned €400 million acquisition of Air Europa could reduce competition, the EU said, concerned that customers could face increased prices and lower quality service.
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International Consolidated Airlines Group said personal data of Air Europa consumers has been compromised as a result of a security incident discovered in October.
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