With a takeover offer that was not accepted and ultimately withdrawn, Wizz Air drew attention to its competitor Easyjet. It has now been announced that the International Airlines Group has apparently also kept an eye on the orange low-cost airline.
In an interview with the Sunday Times, IAG CEO Luis Gallego said, among other things, that he finds Easyjet “interesting” and that they would talk to “all airlines that may be of interest to us”. How this is actually meant remains to be seen, because a takeover of Easyjet by IAG would probably keep the antitrust authorities busy for a longer period of time.
The acquisition of the Spanish Air Europa is not yet dry, because the EU Commission is still examining until at least November 5, 2021. A possible takeover of Easyjet by the International Airlines Group is unlikely to be eligible for approval in the United Kingdom, as the group of companies is already now has an extremely high market share. Resistance from the EU Commission is also to be expected, because the orange low-cost market is seen as a price breaker in many markets.
Comment