Iberia, the largest airline in Spain, is said to be on the verge of taking over Spanish rival Air Europa - and that at almost half the price! While it was previously over a billion euros, the sales price should now be between 500 and 600 million euros. A contractual clause on force majeure is said to have made this possible.

According to reports, this price should also be more realistic, also in view of the serious CoV crisis. Air Europa has so far taken out a loan of 160 million euros, which has been secured by the state credit institution ICO. At Iberia it was even 750 million euros, like ch-aviation.com reported.