International Airlines Group (IAG), owner of Aer Lingus, British Airways and Iberia has again withdrawn from its takeover bid of €400m for Spanish airline Air Europa. It is the second time it has done so. IAG already owns 20% of Air Europa, with the remaining 80% belonging to Globalia, a Spanish tour operator. Luis Gallego, chief executive officer (CEO) of IAG said: “We believe this decision is in the best interests of our shareholders. IAG remains committed to its strategy, including competing effectively from its Madrid hub. “This is a strategy which is delivering strong results. We will con…