All Iberia articles – Page 3
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NewsIAG impairs fleet after BA 747 and Iberia A340 retirements
IAG has taken a €729 million ($863 million) charge in conjunction with a broad fleet impairment covering 61 aircraft, including the withdrawal of British Airways’ Boeing 747-400 fleet and Iberia’s Airbus A340-600s. The exceptional charge deepened IAG’s already-dire operating loss for the first half to just over €4 billion, ...
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News
Qatar Airways on board as IAG proposes €2.75bn capital increase
British Airways and Iberia parent IAG is proposing a €2.75 billion capital increase, to which Qatar Airways – its largest shareholder with 25% – has already agreed to sign up. IAG says the increase would strengthen its balance sheet and liquidity, and reduce financial leverage, given that it does ...
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News
European carriers take tentative steps to restoring networks
Several European operators have announced more tentative steps to restoring their networks, including the resumption of services by Lufthansa Group operators Austrian Airlines and Brussels Airlines in June. Austrian Airlines, which suspended flights on 19 March, has today announced it will resume scheduled flights to mostly European ...
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News
IAG’s Walsh pessimistic and puzzled by UK quarantine scheme
IAG chief Willie Walsh is pessimistic over the potential impact of a quarantine measure for inbound air passengers floated by the UK government. Prime minster Boris Johnson stated on 10 May that the quarantine – intended to prevent coronavirus re-infection from abroad – would apply to passengers arriving “by ...
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News
Walsh to step down in September as IAG eyes ‘meaningful’ return in July
IAG chief executive Willie Walsh will step down in September as the British Airways and Iberia parent aims for a “meaningful” return of services in July. Walsh, who has led the group since is inception, was originally due to step down in March but delayed the move as the ...
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News
IAG’s Spanish carriers secure €1bn in financing under state-backed loans
IAG’s Spanish units Iberia and Vueling have secured financing for €750 million and €260 million respectively under a syndicated agreement which will be guaranteed by the state-owned bank Instituto de Credito Oficial (ICO).
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News
IAG to accelerate retirement of older BA and Iberia aircraft
British Airways and Iberia parent IAG is considering accelerating the retirement of older aircraft in the fleet – including some Boeing 747-400s and Airbus A340-600s – as part of the capacity-reduction measures being introduced to deal with the coronavirus outbreak. Speaking during a 16 March briefing, IAG chief executive ...
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News
IAG delays management changes as it braces for 75% capacity cut
British Airways and Iberia parent IAG’s management team is to remain in place for the time being, to help steer the company through the coronavirus crisis, as it prepares to cut capacity by 75% for April and May. IAG chief Willie Walsh is delaying his retirement, and his successor ...
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News
Iberia hands Spanish slots to Volotea to ease IAG-Air Europa approval
Spanish carrier Volotea is poised to ease Iberia parent IAG’s acquisition of Air Europa, by reinforcing competition on overlap routes that might otherwise attract European regulatory objections. Under a provisional agreement with IAG, Volotea would open at least two, and up to four, bases in Spain in order to ...
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News
IAG chief Willie Walsh to retire in June 2020
IAG chief executive Willie Walsh is to step down from his post on 26 March, and plans to retire completely on 30 June. He will be succeeded by Iberia chief executive Luis Gallego, says the British Airways and Iberia parent company. Walsh had previously signalled his intention to ...
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News
BA will still have 777-200ERs in 2030
British Airways will turn next year to replacing its large fleet of older-generation Boeing 777s, but indicates it will retain some of the aircraft until at least 2030.
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News
IAG needs to rationalise its multiple airline brands: Walsh
IAG has indicated that it is looking at rationalisation of its multiple airline brands, although it intends to maintain the name of its latest acquisition prospect, Air Europa, at least initially.
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News
IAG's Walsh vows to retire within two years
IAG chief executive Willie Walsh plans to retire within the next two years from his post at the helm of the British Airways and Iberia parent company.
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News
IAG's Walsh highlights environmental dilemma over tankering
IAG chief Willie Walsh has highlighted the conflict between operational, economic and environmental considerations arising from the policy of tankering fuel.
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Analysis
The logic of IAG's swoop for Air Europa
IAG s move to acquire Spanish leisure operator Air Europa for €1 billion ($1.1 billion) is billed as an attempt to bolster Madrid s status as a major European hub.
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News
IAG acquires Air Europa in bid to transform Madrid
Iberia and Vueling parent IAG has agreed to acquire another Spanish operator, Air Europa, for a cash transaction of €1 billion ($1.1 billion).
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News
Iberia to resume Cairo flights
Iberia will make a return to Cairo in 2020 after a six-year hiatus.
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News
IAG firms another two A320neo options for Iberia
European airline group IAG has disclosed its conversion of two more Airbus A320neo options into firm orders for Iberia.
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Podcast
PODCAST: Airline Business at Paris air show 2019 – wrap-up
Join Airline Business managing editor Lewis Harper and executive editor Graham Dunn as they take you through all the key airline-related developments at this year’s Paris air show.
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Podcast
PODCAST: Airline Business at Paris air show 2019 – day 2
Join Airline Business managing editor Lewis Harper as he takes you through all the key airline-related developments at this year’s Paris air show.
