AIR EUROPA PURCHASE UNDER THREAT

International Consolidated Airlines Group (IAG) and its Spanish unit Iberia will hold board meetings this week to decide whether to go ahead with the acquisition of Spanish carrier Air Europa, Spanish news website ElConfidencial said on Tuesday. IAG, which also owns British Airways, agreed to buy Air Europa for 1 billion euros ($1.2 billion) in November 2019, but has been seeking to reduce the price amid the travel crisis caused by the COVID-19 pandemic. The deal was designed to enhance IAG’s operations on routes to Latin America and the Caribbean. SOURCE: Reuters

SHIPPING EMISSION TARGETS MISSED

Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday. Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea. SOURCE: Reuters

COMMISSION SETS OUT BUSINESS TRAVEL AIMS

Easier planning and booking of air and train journeys, legally standardised emissions measurements, improved cross-border rail ticketing, financial protection for passengers against supplier failure and more taxation of aviation. All these developments could lie ahead for European business travellers following the Dec. 9 publication of the European Commission’s Sustainable and Smart Mobility Strategy, an action plan of 82 regulatory and other initiatives to guide its transport policy for the next four years.  SOURCE: businesstravelnews.com

AIRSPACE SET TO EXPAND

US time critical logistics firm Airspace Technologies is looking to expand its European business after opening its first office on the continent earlier this year. The company opened Airspace B.V, which is its European headquarters, at Schiphol-Rijk in June this year, but will now look to expand its team further in the Netherlands as well as France, Germany, and the UK The move is “in line with its rapid growth plans to fulfil customer demand”, the company said. SOURCE: aircargonews.net

FILE PHOTO: Reuters