August 2, 2024 12:24 pm ET
February 29, 2024 8:56 am ET -
IAG Announces Large e-SAF Deal With U.S. Company Twelve
The Madrid-based International Airlines Group (IAG), a holding corporation controlling five airlines (British Airways, Iberia, Aer Lingus, Vueling, and LEVEL), has reached a landmark agreement with e-SAF (Sustainable Aviation Fuel) producer Twelve for the purchase of 785,000 tons of sustainable…
October 6, 2023 2:42 pm ET -
TAP Portugal Privatization Confirmation Attracts Strong Contenders
Portuguese flag carrier TAP Portugal is the latest European airline to garner interest in a region undergoing consolidation. The Portuguese government has had plans to privatize or partially privatize the national carrier for some time. In June, the Minister of…
July 30, 2023 10:51 pm ET -
International Airlines Group Posts Record Half-Yearly Profit
The International Airlines Group (IAG) has delivered an astounding turnaround by posting a record operating profit for the first half of 2023 (1H23). The parent company of British Airways, Iberia, Vueling, LEVEL, and Aer Lingus achieved a €1.26 billion ($1.39…
February 27, 2023 3:00 pm ET -
IAG Acquires Full Control of Air Europa
International Airlines Group (IAG) has agreed to purchase the remaining 80% stake of Air Europa that it did not already own from Spanish company Globalia. In announcing strong financial results for 2022 and a positive outlook for 2023, IAG revealed…
January 20, 2023 1:00 pm ET -
Lufthansa Offer to Purchase Stake in ITA Airways Sparks European…
Lufthansa recently announced a bid to acquire a minority stake in the Italian airline ITA Airways with an option to purchase the remaining shares in the future. A press release on Wednesday from the German carrier stated: ‘Today, the company…