International Airlines Group (IAG), the group owning Iberia and British Airways, has reached a deal with Globalia to buy Air Europa for €400 million to be disbursed over the next five years and thus fully owns the Spanish carrier of which it had already acquired 20% for €100 million last year.
Spanish airline Iberia announced this week that it will be increasing its services from Madrid to Montevideo effective Jan. 1, 2023, due to the high ticket demand that had led company directors to speed up a plan that was originally scheduled for June.
The British government of Prime Minister Boris Johnson is reportedly considering a rescue plan for British Airways (BA) and other airlines which are failing to cope with the coronavirus contingency measures that are keeping their entire fleets grounded.
IAG, the parent company of Iberia and British Airways, has agreed to buy Spanish airline Air Europa for €1bn in a move it says will strengthen Madrid’s position as a European hub. It will be the airline group’s third Spanish brand, behind the flag-carrier and low-cost Vueling.
US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday when International Airlines Group (IAG), owner of British Airways, said it wanted to buy 200 of the planes.
Brazil's competition regulator Cade said on Monday that a deal between LATAM Airlines LAN.SN, British Airways and Iberia could have a negative impact on routes between Brazil and Europe. Chile-headquartered LATAM signed joint business agreements in January to deepen its ties with American Airlines Group and IAG's British Airways and Iberia, all members of the Oneworld Alliance.
British Airways has cut its food service and will no longer provide two meals to economy travelers on flights lasting less than eight-and-a-half hours. Instead of two full meals, passengers will only receive one as part of the new measures, which also apply to journeys lasting less seven hours for premium economy passengers.
Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group (IAG), the owner of British Airways (BA) and Iberia. The Gulf airline is already a member of the Oneworld Alliance.
Spain's flag carrier Iberia made its return to Uruguay on Monday after being out of the South American country's market for 18 months, marking the resumption of a route that will offer up to 2,300 seats to travelers on a weekly basis. Iberia, a unit of IAG, will be providing service on the Madrid-Montevideo and Montevideo-Madrid route with four weekly flights.
Workers of Spanish airline Iberia called off further strikes in a dispute over thousands of job cuts after unions accepted a mediation plan, the company announced in a statement.