International Airlines Group (IAG), the owner of British Airways, Aer Lingus, Iberia, and Vueling, announced they would be launching a new long-haul airline called Level. The airline will be the fifth airline brand under IAG operation. The airline will be based in Barcelona, Spain and will fly to four destinations starting in June. The initial destinations are Los Angeles (LAX), Oakland (OAK), Buenos Aires, and Punta Cana. The airline is planning on initially operating two Airbus A330 aircraft. These aircraft will be…
After seeing success in its initial investment, Qatar Airways has raised its stake in International Consolidated Airlines Group (IAG) to a total of 15.01%. Current restrictions in the European Union allow foreign investors to hold up to 49% of a European carrier, giving Qatar plenty of opportunities to grow its…
Aer Lingus appears to be moving closer to a full takeover by the IAG group. On May 26th, the Irish government agreed to sell their 25% stake in the airline. The government believes the sale to IAG, which also owns British Airways and Iberia, will benefit Aer Lingus in the…
