All International Airlines Group ( IAG ) articles – Page 4
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NewsIAG terminates Air Europa deal but agrees January deadline to study new structure
IAG and Globalia have formally terminated their agreement under which Iberia was to acquire fellow Spanish operator Air Europa, but the two sides have settled on an end-January deadline to study alternative structures to revive the deal.
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NewsIAG purchase of Air Europa still alive but only under new deal structure
IAG is exploring options to continue with its purchase of Air Europa under a freshly agreed deal structure, according to the pan-European airline group’s chief executive Luis Gallego.
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NewsIAG in talks to scrap Air Europa takeover
British Airways and Iberia parent IAG is intending to scrap its planned acquisition to take over Spanish operator Air Europa. IAG states that discussions to “terminate the agreement” to acquire Air Europa are “at an advanced stage”. Under the proposal Iberia would have taken over the entire share capital of ...
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Airline BusinessUK airlines desperate for government to adopt EU-style travel policies
This week’s Airlines 2021 event in London was a timely gathering of key players in the UK aviation sector, as they called for the country’s government to remove barriers to air travel that put it out of step with mainland Europe.
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NewsCOP26 ‘by far’ the most constructive meeting to date: IAG sustainability chief
The recent COP26 climate change conference saw a positive step-change in the approach to tackling airline sustainability challenges, in the view of IAG’s group head of sustainability Jonathon Counsell.
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NewsAirline sustainability challenge ‘does not preclude third Heathrow runway’
The pressure on airlines to address their environmental footprints does not mean a third runway at Heathrow airport should be ruled out, according to UK industry representatives.
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NewsBritish Airways owner would reconsider Heathrow hub if charges rise significantly
Heathrow airport’s plans to increase its charges could prompt British Airways owner IAG to reconsider its use of Heathrow as a hub.
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NewsUK competition regulator opens inquiry into IAG-Air Europa merger
UK competition regulators have opened a two-month initial inquiry into British Airways parent IAG’s proposed acquisition of Spanish carrier Air Europa. The Competition and Markets Authority is inviting comments on whether the acquisition is likely to result in a “substantial lessening” of competition within any of the UK markets. It ...
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NewsIAG and Southwest to snap up sustainable fuel output from new Mississippi plant
IAG carriers and US budget operator Southwest Airlines have agreed to purchase the entire production of sustainable fuel, over the course of several years, from a planned US biorefinery project in Mississippi. Sustainable fuels technology specialist Velocys Renewables says it has entered a memorandum of understanding – which it aims ...
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Airline BusinessBritish Airways sees US market reopening driving business lift
Continued losses at British Airways and Lufthansa’s network carrier segment reported in the last 48 hours underline why those airlines are pinning so much hope on the reopening of the USA to international travel from Europe on 8 November.
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NewsSpanish carriers offer bright spot as IAG sees ‘inflection point’ in third quarter
IAG posted an operating loss of €452 million ($523 million) for the third quarter though its Spanish carriers Iberia and Vueling did both move out of the red.
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NewsIAG chief Gallego ‘less optimistic’ about stalled Air Europa deal
IAG chief executive Luis Gallego is “less optimistic” about completing a deal to acquire Spanish carrier Air Europa, but talks are continuing with the latter’s parent company Globalia, regulators and the Spanish government.
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NewsIAG finance chief to step down in 2022
IAG chief financial officer Steve Gunning will step down next year, the European airline group said on 15 October.
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Airline BusinessHow European airline capacity expectations are shaping up
As the easing in Covid travel restrictions and vaccination roll-out across Europe slowly progresses, airlines in the region have been mapping out how quickly to ramp up capacity.
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NewsEurope’s airlines cautiously embrace signs of strong demand recovery
News that flight numbers in Europe exceeded Eurocontrol’s best-case scenario in July reflects the beginnings of a strong demand recovery in the region.
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NewsAir Europa names new director general amid leadership tensions
Richard Clark has been appointed as director general of Air Europa amid what local media have characterised as “great turbulence” around leadership of the Spanish carrier.
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NewsIAG retaining former Aer Lingus A350 order to gain flexibility
IAG has disclosed that it is holding on to the Airbus A350s previously ordered by Aer Lingus, but has yet to determine where best to deploy them. Aer Lingus ordered nine A350-900s but subsequently shifted four of them to sister IAG operator Iberia. Its remaining five A350s had remained listed ...
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NewsIberia and Vueling spearhead fleet and crew readiness
IAG carriers are potentially able operate up to 75% of 2019 capacity by the fourth quarter of this year, with the Spanish airlines Iberia and Vueling in the best readiness positions. Iberia’s entire long-haul and short-haul fleet is operationally ready, as it its full pilot and cabin crew complement, although ...
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NewsIAG outlines latest forecast on capacity recovery
IAG is forecasting that capacity will reach 45% of 2019 levels in the third quarter of this year and recover to 91% by the fourth quarter of 2022. But the company is not providing any profit guidance for the full year 2021, citing uncertainty over the timing for lifting of ...
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NewsSpanish carriers lead IAG recovery as restrictions impede BA and Aer Lingus
Spanish airlines Iberia and Vueling generated the greatest reductions in operating loss over IAG’s first half, which the group attributes to fewer travel restrictions and stronger demand in the Latin American and Spanish markets. Iberia cut its first-half operating loss by 62% to €330 million ($392 million) with Vueling managing ...