IAG launches share purchase programme as part of Air Europa acquisition

International Airlines Group (IAG) – owner of Aer Lingus, British Airways, Iberia, and Vueling – has launched a share purchase programme for the purposes of hedging as part of its acquisition of Air Europa. The programme was authorised at its annual general shareholders’ meeting held on June 26, 2024. The programme will have a maximum amount of €70 million ($75.2 million) allocated to it. The shares will be purchased on both the London Stock Exchange and the Spanish stock exchanges. It will acquire up to a maximum of 27.1 million ordinary shares, which represents 0.5% of the company’s share capital