IAG fleet not having same issues as Qatar Airways, boss says February 25, 2022 IAG’s boss Luis Gallego said today the airline’s Airbus A350 fleet is not experiencing the same level of degradation as Qatar Airways. “We don’t have the same type of issues that Qatar has, and we are operating A350s, and we have not had problems,” the chief executive explained, adding that the EU aviation safety regulator, [...]
French and Germany pressure may force IAG to spin off British Airways February 10, 2022 British Airways’ (BA) parent company IAG could be forced to spin off BA as Germany and France might push to reinstate EU ownership rules. According to HSBC analysts, IAG – who owns the likes of Aer Lingus, Iberia and Vueling – might be forced to make BA a truly independent company as regulations require airlines [...]
BA owner IAG lures Nicholas Cadbury away from Whitbread for CFO job January 27, 2022 Nicholas Cadbury, finance director at hotel and restaurant giant Whitbread, will join British Airways’ owner IAG as chief financial officer on 21 March. The news, confirmed this morning, was first announced in October after the current chief financial officer Steve Gunning decided to step down. “It has been a wonderful experience to be involved in [...]
Fly me to Seville: Vueling opens new Gatwick base, adding five routes January 19, 2022 IAG’s subsidiary and low-cost carrier Vueling has opened a new base at Gatwick, adding five new routes to Spanish cities such as Seville, Granada and Menorca. Flights from Gatwick to Malaga, Seville and La Coruna will begin on 1 April while the Gatwick-Menorca and Gatwick-Granada will start flying passengers from the day after. All the [...]
BA’s owner IAG to pay €75m to Air Europa after pulling out of takeover agreement December 16, 2021 British Airways’ (BA) owner IAG has announced today it will pay €75m (£63.7m) to Air Europa following yesterday’s decision to pull out from a £420m takeover deal, leaving shares up 0.70 per cent at closing time. IAG said it would it would pay the rival carrier’s owner Globalia €35m, on top a €40m break-up fee, [...]
British Airways owner IAG moves to terminate takeover agreement with Air Europa December 15, 2021 IAG, the aviation giant that owns British Airways, Iberia and Aer Lingus, has moved to back-track on its takeover of Spanish airline Air Europa, bringing down shares by 4.59 per cent to 126.48p. The BA owner this morning said “discussions are at an advanced stage to terminate the agreement signed on 4 November 2019” whereby [...]
Airlines stocks jump as Omicron concerns are shrugged off December 6, 2021 The shares of several airlines – including British Airways’ owner IAG, Easyjet and Ryanair – jumped today, as a result of carriers shrugging off concerns about the latest Covid variant, Omicron. Evidence showing the mild effects of Omicron, which has not yet caused any deaths, has led to IAG going up to 142.26p from a [...]
Ex British Airways boss slams tougher Omicron travel rules as ‘knee-jerk decision’ as UK firms worry about Christmas November 29, 2021 Former British Airways boss Willie Walsh has dubbed countries’ tighter quarantine and testing rules as a “knee-jerk decision”, after concerns over the new Omicron Covid variant. Walsh, who used to head the airline group International Airlines Group, said the new rules imposed “a massive financial damage to the tourism and airline industry.” “It’s clear that [...]
Aviation recovery on its way, BA’s owner assures November 23, 2021 Luis Gallego, chief executive of British Airways’ (BA) owner IAG, is convinced aviation recovery will get back to pre-pandemic levels by 2023, as a result of the easing of air travel restrictions and the opening of transatlantic travel. Speaking yesterday at the Airlines UK conference in Westminster, Gallego revealed that “transatlantic bookings have reached almost [...]
BA’s owner IAG could face investigation over Air Europa’s takeover November 22, 2021 British Airways’s owner IAG could face a formal investigation by the UK Competition and Markets Authority (CMA) over the proposed takeover of Spanish carrier Air Europa. The watchdog announced today that it is “considering whether this transaction, if carried into effect, will result in the creation of a relevant merger situation” that could lead to [...]