BA’s owner IAG to pay €75m to Air Europa after pulling out of takeover agreement

British Airways’ (BA) owner IAG has announced today it will pay €75m (£63.7m) to Air Europa following yesterday’s decision to pull out from a £420m takeover deal, leaving shares up 2.85 per cent. IAG said it would it would pay the rival carrier’s owner Globalia €35m, on top a €40m break-up fee, Reuters reported. The [...]