IAG swaps loan for 20% Air Europa holding
The deal includes one year of exclusivity on negotiations for the Spanish airline.

The deal includes one year of exclusivity on negotiations for the Spanish airline.
The acquisition is said to be in line with AGI’s growth strategy across North America.
The Spanish firm is yet to take a final decision and the discussions may not lead to a sale.
The move was made with an intent to safeguard connectivity, protect the air transport service offer and rescue the company.
Menzies Aviation will have around 35,000 employees and operate at 254 airports in 58 countries.
Pending regulatory approval, the deal is valued around $815m, a figure which includes debt.
The deal was signed after Spirit Airlines terminated the merger deal with Frontier Group Holdings.
The merger aimed to offer more ultra-low fares for journeys across the US, Latin America and major cities.
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