IAG

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 submitted an offer to the Italian Ministry of Economy and Finance (Ministero dell’economia e delle […]

The International Airlines Group (IAG) Anglo-Spanish multinational holding company formed on January 21, 2011, from the merger of the flag carriers of the United Kingdom and Spain, British Airways and Iberia, published its financial results for the third quarter of 2022 a few days ago. As of September 30, 2022, the Group had total liquidity […]

Shareholders of the International Airlines Group (IAG) have approved the consortium’s order for 50 Boeing 737 aircraft announced in May. Boeing has confirmed the order for the aircraft is now ‘firm’ and IAG will also have the option for 100 more. In IAG’s initial announcement which was given five months ago, it was noted that […]

International Airlines Group (IAG) has announced on Thursday that they have reached an agreement with Boeing to order 25 737-8200 and 25 737-10 aircraft. The announcement also advises that the parent group of British Airways, Iberia, Vueling, Aer Lingus and LEVEL have the option for a further 100 aircraft in the future subject to shareholder […]

International Airlines Group (IAG)  — the parent company of British Airways — is reportedly canceling plans to take over Spanish carrier Air Europa. Reuters reported that the deal to purchase Air Europa would have required IAG to make concessions to satisfy European regulators. The regulator had commenced an inquiry into the deal in June of […]

International Airlines Group (IAG) announced its Q2 results on Friday that indicated progress in the consortium’s recovery from the pandemic. The parent company of the U.K. and European airlines including British Airways, Iberia, Vueling, Aer Lingus and LEVEL revealed an operating loss of €967 million ($1,148 million) that compares to a restated loss of €2,182 […]

Many European airlines have received assistance funds during the last year to survive the COVID-19 pandemic. The European Union and various national governments gave those funds with strict conditions, often forcing the carriers to present restructuring plans. One of the beneficiaries of such loans has been Vueling, the Spanish low-cost airline based in Barcelona-El Prat […]

International Airlines Group (IAG) has announced an operating loss of 7.426 billion Euros ($9 billion) for the full 2020 financial year, a massive drop in comparison to the 3.285 billion Euro operating profit the conglomerate posted in the 2019 financial year. “Our results reflect the serious impact that Covid-19 has had on our business. The […]

During this COVID-19 pandemic, many airlines have arranged several agreements with their national governments to save the business. However, none of them expected this crisis to last so long, and some carriers are asking their national institutions for new funds to survive the months to come. That is the case at British Airways, as confirmed […]

Two more carriers are joining the CommonPass mobile app initiative to establish a common platform for digital information sharing in order to restart international traffic after it has been drastically reduced by the COVID-19 pandemic. JetBlue and Virgin Atlantic have joined United Airlines, Lufthansa and Swiss International Air Lines in supporting the mobile phone application […]