BA parent IAG ups bet on Latin America with Air Europa takeover
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(Reuters) - IAG , the parent of British Airways and Spain's Iberia, announced a 1 billion euro (£863 million) takeover of Spain's Air Europa to boost its presence on routes to Latin America and the Caribbean.The deal comes less than six months after a proposal by BA, Iberia and partners American Airlines and LATAM Airlines aimed at reshaping international air travel in Latin America was struck down by Chile.IAG shares rose as much as 2.3% to 555 pence in early London trading but some analysts..