Reading Time: < 1 minute British Airways and Iberia owner IAG has placed a multi-billion-dollar order for 37 A320neo jets from European aircraft manufacturer Airbus. It will convert 12 options into firm orders for A320neos and A321neos and it will also order another 25 A320neo family planes with the option to purchase 50 more. It is already IAG’s third short-haul […]

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 […]

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.” […]

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 […]

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, […]

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. […]

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, […]

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 […]

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 […]

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 […]