Volotea to open new bases in Spain following slot transfer MoU with IAG

6 March, 2020

Volotea signed (06-Mar-2020) a MoU with IAG, whereby Iberia will transfer certain Spanish airport routes and slots to Volotea to facilitate the European Commission (EC) approval of the buyout of Air Europa under a 'fix-it-first remedy' merger framework. According to the EC, a fix-it-first remedy gives the Commission the assurance that the divested business will be sold to a suitable buyer before the parties close the main transaction. As a result of the transfer, Volotea plans to open between two and four undisclosed new bases in Spain from 2021. [more - original PR - Volotea] [more - original PR - Iberia - Spanish]