Ryanair Holdings plc RYAAY plans on buying the slots that International Consolidated Airlines Group SA ICAGY may sell for its planned acquisition of Air Europa.
Ryanair is keen to buy the slots that IAG may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator, reported Reuters, citing Cinco Dias newspaper.
"We are following the process because we are interested in the possible liberation of slots in different airports," the report quoted Elena Cabrera, Ryanair's country communications manager for Spain.
"We are interested in slots in Canary and Balearic Islands and in Madrid, but the truth is that we are open to any opportunity as we are in growth phase in Spain," she added.
In February, IAG agreed to purchase the remaining 80% of Spanish carrier Air Europa for 400 million euros (~$431 million).
Price Action: RYAAY shares are trading higher by 0.70% at $108.20 premarket on Monday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
