Tag: IAG

Boeing-737-MAX
British Airways owner IAG to order 50 B737 MAX jets

Reading Time: < 1 minute British Airways owner IAG has agreed to order 50 B737 MAX aircraft delivered between 2023 and 2027. The order for 25 737-8-200 and 25 737 MAX 10 jets for short-haul operations at IAG-owned airlines is worth $6.25 billion. However, the company said it had negotiated a substantial discount, as is typical. “The addition of new […]

iag international airlines group amazonaws_com
IAG Expects Higher Profit This Spring

Reading Time: < 1 minute IAG has released its first-quarter financial results, highlighting the group’s confidence in achieving higher profit by this spring. IAG chief executive Luis Gallego says: ”The group’s operating loss reduced significantly in the first quarter compared to last year, with our losses reflecting normal seasonality, the impact of Omicron and costs associated with ramping up operations.” […]

IAG Will Provide EUR100 Mln Loan to Air Europa’s Owner

Reading Time: < 1 minute IAG said Thursday it had signed a deal with Air Europa’s conglomerate owner Globalia Corporacion Empresarial SA to provide a 100 million euros seven-year unsecured loan. The airline group that includes British Airways, Vueling and Iberia said the agreement gives it time to evaluate the interest of both parties after terminating the contract for the […]

British Airways Owner IAG Raises Є 1.2 Billion in Bond Issue
British Airways Owner IAG Raises Є1.2 Billion in Bond Issue

Reading Time: < 1 minute British Airways and Aer Lingus owner IAG raised Є1.2 billion ($1.43 billion) in a bond issue. The company explained the raised funds would help it get through the rest of the pandemic. Originally, IAG planned to raise Є1 billion, but the demand was higher than expected, enabling it to raise Є1.2 billion. According to IAG, […]

Qatar Airways Strengthens Its Partnership with Iberia

Reading Time: < 1 minute Qatar Airways has today announced that it is strengthening its partnership with the Spanish Airline Iberia. As a result of the signed agreement, Qatar Airways customers will benefit from 40 more connections via Iberia codeshare flights. Qatar Airways passengers will now be able to travel to and from Brazil, Chile, El Salvador, Guatemala, and Senegal. […]

IAG Acquires Air Europa for €500 Million

Reading Time: < 1 minute Today International Airlines Group (IAG) and Globalia have announced that specific points in the original acquisition agreement between Iberia and Air Europa have been amended. The deal was made in November 2019, under which Iberia would be getting the entire share capital of Air Europa. Iberia will have to pay €500 million to Air Europa, […]

British Airways Has Secured A £2 Billion State Loan

Reading Time: < 1 minute British Airways, a part of the International Airlines Group (IAG), to which Iberia and Aer Lingus belong, has received a £2 billion loan guaranteed by the state-backed credit agency UK Export Finance (UKEF). The agreement implies that BA will borrow the money from a syndicate of banks, but the Government will be partially liable if […]

Willie Walsh steps off controls of IAG

Reading Time: < 1 minute Willie Walsh steps down as CEO of IAG to Luis Gallego after the British Airways and Iberia owner’s annual meeting on Tuesday, informs Reuters. Former pilot Walsh delayed his departure from International Consolidated Airlines Group (ICAG.L), which he created by dragging BA and Iberia into the modern age of budget flying, taking a tough line […]

British Airways to Cut up to 12,000 Jobs Due to the Crisis

Reading Time: < 1 minute The coronavirus pandemic has hardly hit business of British Airlines. The parent company of the carrier has announced that British Airways will cut up to 12,000 jobs. According to International Airlines Group (IAG), in order to align operations with a low demand for air travel, British Airways needs to implement “restructuring and redundancy programme“. “The […]

IAG Acquires Another European Airline: Air Europa

Reading Time: < 1 minute International Airlines Group (IAG), the parent company of British Airways and Spain’s Iberia, has announced that it will supplement its group of carriers with already the third Spanish airline – Air Europa – in  a deal worth $1.12 billion. Air Europa is a private Spanish airline offering scheduled domestic and international flights to 69 destinations, […]