Tag: IAG

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, […]

British Airways Welcomes Its First Airbus A350-1000

Reading Time: < 1 minute British Airways, the flag carrier airline of the United Kingdom, has finally welcomed its first out of 18 Airbus A350-1000 aircraft. The plane which arrived at the airline’s hub at London Heathrow, makes British Airways the first within the International Airlines Group (IAG) to operate this type. Prior to deploying the widebody aircraft for long-haul […]

200 Boeing 737 MAX Aircraft on Order: First After Grounding

Reading Time: < 1 minute The second day of Paris Air Show 2019 has brought Boeing some exciting news. International Airlines Group (IAG) has expressed its intention to purchase 200 Boeing 737 MAX planes. The deal is valued at more than $24 billion, per list prices. IAG, the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL, and the […]

British Airways to Expand Fleet with New Boeing 777X Aircraft

Reading Time: < 1 minute International Airlines Group (IAG) has placed an order for brand new Boeing 777X aircraft, to be more precise, for 18 Boeing 777-9 aircraft, plus 24 options, for British Airways. According to the statement, new aircraft will replace 14 Boeing 747-400 and four Boeing 777-200 planes in a period of 2022-2025. “The new B777-9 is the […]