{"id":396487,"date":"2021-01-21T09:16:20","date_gmt":"2021-01-21T03:46:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396487"},"modified":"2021-01-21T11:28:31","modified_gmt":"2021-01-21T05:58:31","slug":"airline-giant-iag-gets-air-europa-on-cheap-over-covid-19","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airline-giant-iag-gets-air-europa-on-cheap-over-covid-19\/","title":{"rendered":"Airline giant IAG gets Air Europa on cheap over Covid-19"},"content":{"rendered":"<p>British Airways owner IAG on Wednesday said it would pay only half the agreed purchase price of Spain&#8217;s Air Europa, and not for more than six years, as the sector is ravaged by the coronavirus.<\/p>\n<p>IAG will pay 500 million euros ($606 million) to Air Europa-owner Globalia, down on the initial 1.0-billion-euros price tag agreed in November 2019.<\/p>\n<p>&#8220;IAG and Globalia today announce that they have amended the original agreement,&#8221; the pair said in the statement. <\/p>\n<p>&#8220;The parties have agreed that the amount to be paid&#8230; will be reduced from an equity value of 1.0 billion euros to 500 million euros with payment deferred until the sixth anniversary of the acquisition&#8217;s completion.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British Airways owner IAG on Wednesday said it would pay only half the agreed purchase price of Spain&#8217;s Air Europa, and not for more than six years, as the sector is ravaged by the coronavirus. IAG will pay 500 million euros ($606 million) to Air Europa-owner Globalia, down on the initial 1.0-billion-euros price tag agreed in November 2019. &#8220;IAG and Globalia today announce that they have amended the original agreement,&#8221; the pair said in the statement. &#8220;The parties have agreed that the amount to be paid&#8230; will be reduced from an equity value of 1.0 billion euros to 500 million [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-396487","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=396487"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396487\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}