The European Commission takes note of IAG's announcement that it has decided to terminate its agreement with Globalia according to which IAG intended to acquire sole control over Air Europa. IAG owns several airlines, including Iberia and Vueling, and is the largest airline operator in Spain. Air Europa is the third largest airline in Spain. Up to the abandonment of the transaction, the discussions with the companies and the proposed remedy package were not able to adequately address the competition concerns identified by the Commission. The Commission had opened an in-depth investigation into the proposed transaction on 24 January 2024 and sent a Statement of Objections to IAG on 26 April 2024. (....)