LONDON (Reuters) - British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline's owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company.

"It's something that we are going to decide when (Globalia) take a decision about what they do with the company. We can stay or we can leave," IAG CEO Luis Gallego told Reuters.

IAG scrapped a deal to buy Air Europa last year after it couldn't convince EU competition regulators that its proposed remedies were sufficient.