Iberia has finally signed the purchase of Air Europa more than a year after the announcement of the operation. It will finally be for 500 million euros, and not for the 1,000 initially agreed, according to Europa Press, which indicates that the operation will close today. Iberia, which belongs to the IAG group (which also […]
Tag: International Airlines Group
Iberia collides with Sepi due to job adjustments after the purchase of Air Europa
2020 ends with what was promised was going to be the largest operation in the air sector of the year without closing. The Government, Air Europa and Iberia are negotiating the last fringes for the definitive purchase of the first one, from the Globalia tourism group, by Iberia, from the IAG group. Job cuts are […]
The Government insists that “Iberia will be able to continue flying” within the EU despite Brexit
Iberia you will be able to continue flying as an airline in European airspace following the UK’s departure from the EU. This was reiterated today by the Secretary of State for Commerce, Xiana MÃndez, after evaluating the trade agreement agreed between this country and the European Union. This was one of the most worrying issues […]
Sepi disembarks at Air Europa appointing two directors and negotiates the future CEO
The purchase of Air Europa by Iberia, after the rescue of the first, is taking shape. The airline owned by the Globalia group has formed a new board of directors, after receiving an injection of 475 million from the Government, through the strategic companies rescue fund managed by Sepi. Iberia’s condition to buy Air Europa […]
Ban on flights to the United Kingdom: third blow to the air sector in the middle of Christmas campaign
The decision of several countries to ban flights to the United Kingdom supposes the third great blow to the tourism sector, with the airlines, again, in the front line. The coup comes in the middle of the Christmas season, which is usually the busiest time after the summer, and with the airlines already in a […]
Former IAG CEO Willie Walsh returns to chair IATA
Former IAG CEO Willie Walsh has been nominated to succeed the Director General of the International Air Transport Agency (IATA), Alexandre de Juniac. According to the agency, the French executive had already announced that he would leave office at the end of March. From Juniac He was President of Air France-KLM and has led IATA […]
IAG already loses more than 5.567 million until September and criticizes the measures of governments to face the pandemic
IAG, the group that owns Iberia, British Airways or Vueling, suffered a loss of 1.3 billion euros in the third quarter of this year (July-September) due to the collapse in passenger traffic derived from the pandemic, as reported this Friday. In these nine months the losses amount to 5,567 million euros, compared to the profit […]
Iberia will wait for the Government to close the rescue of Air Europa to renegotiate the price
The pandemic has blocked one of the largest operations in the Spanish air sector. Iberia’s purchase of Air Europa from the Globalia group continues because “the strategic value still makes sense”, but the airline of the IAG group will wait for the government to close the rescue of Air Europa to renegotiate the price. “We […]
IAG loses 1.3 billion, with revenue drops of 83%
IAG, the group that owns Iberia, British Airways or Vueling, among others, suffered a loss of 1.3 billion euros in the third quarter of this year and a drop in its total income of 83%, as reported today to the National Securities Market Commission (CNMV). Detailed results for the third quarter will be released […]