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BA owner IAG to scrap plan to buy Spanish carrier Air Europa

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The British Airways and Iberia owner, International Airlines Group, is to scrap its plan to buy the Spanish airline Air Europa, a deal that was being investigated by competition authorities in the UK and the EU.The move comes more than two years after International Airlines Group (IAG) – under the former chief executive Willie Walsh – first announced plans to buy the carrier from the Spanish tourism group Globalia for €1bn (£850m) in November 2019, before renegotiating the deal at half the price

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