Tag: IAG

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 […]

British Airways Owner Stops Selling Shares to Non-EU Investors

Reading Time: 1 minute IAG, the owner of British Airways, announced that it stops selling its shares to non-EU investors. Under the EU rules, at least 50% of an airline’s stock must be EU-owned. Currently, the amount of shares owned by non-EU investors in the IAG reaches 47.5 per cent. IAG Group includes 5 airlines: Aer Lingus, British Airways, Iberia, […]

Airlines Submit a Complaint to the EC Over Rise in ATC Strikes

Reading Time: 2 minutes In a bold move, International Airlines Group (IAG), easyJet, Ryanair and Wizz Air have all submitted complaints to the European Commission (EC) in relation to France and the current disruption being caused to flights by the country’s striking air traffic controllers (ATCs). Already this year French ATC strikes have risen 300% compared to the whole […]

Austrian Low-Cost Market Heats Up as IAG Enters the Frame

Reading Time: 1 minute IAG is to become the fourth low-cost carrier to operate out of Vienna with an Air Operator Certificate issued by the Austrian Civil Aviation Authority. The Group, which owns British Airways, Vueling and Iberia, among others, has announced the creation of a new low-cost carrier, LEVEL, which will service short-haul routes from the Austrian capital. […]

Airlines Fly Lower After Barcelona Attack

Reading Time: 2 minutes Airline stocks took a nosedive on Friday morning as the horrific van attack in Barcelona the previous evening was felt likely to hit tourism to the region. British Airways and Iberia owner IAG and EasyJet both shed 3% in early trading, while Ryanair was 5% lower on the open, before all three pared losses as […]

EU Warns Airlines About Post-Brexit Access

Reading Time: 1 minute Senior EU officials fear that the airline industry is “in denial” about the potential implications of Brexit, reports The Guardian today. Of chief concern is certain airlines’ continued ability to operate flights between member states once Britain leaves the EU. To do so, carriers must have a “significant” base within the EU and be majority-owned […]

Ryanair On Collision Course with German Carrier Lufthansa

Reading Time: 2 minutes Ryanair has confirmed plans to move into Lufthansa’s home hub of Frankfurt, stepping up its push into bigger airports and ratcheting up pressure on the German carrier which is expanding its own budget flights. Lufthansa said earlier yesterday it would offer fewer seats than planned this quarter as it seeks to offset pressure on ticket […]

Qatar Airways and British Airways’ Announce Joint Business Agreement

Reading Time: 2 minutes Qatar Airways and British Airways’ parent company, International Airlines Group (IAG), has announced a joint business agreement, which will come into effect on 30 October 2016. The joint business will benefit customers by offering a wider choice of flights, an enhanced network, greater choice of fares and superior benefits for members of their frequent flyer […]

Further Job Cuts Planned For Iberia

Reading Time: 1 minute In 2012 the loss of 4,500 jobs at Iberia was announced during a period of restructuring where the airline reduced its fleet by 25 aircraft and its network capacity cut by 15% in a bid to reverse cash losses by mid-2013 and raise profits by at least €600m. These job cuts came hot on the […]

New European Airline Association Takes Shape

Reading Time: 2 minutes Final preparations are underway to create a new European airline association, called Airlines for Europe (A4E), which is expected to launch around the third week of January 2016. In June 2015, Europe’s five largest airline groups—Air France-KLM, easyJet, International Airlines Group (IAG), Lufthansa Group and Ryanair—joined forces to lobby on European aviation policy. At the […]