Vueling, a low-cost carrier based in Spain, is set to bolster its fleet with five new aircraft allocated by its parent company, International Airlines Group (IAG). This decision will enhance Vueling’s operational capacity during the summer 2025 season, a crucial period for air travel demand.
GOL, one of Brazil’s leading airlines, is reportedly engaged in discussions with several major global carriers regarding potential investment opportunities. The airlines involved in these talks include United Airlines and American Airlinesfrom the United States, Air France-KLM, the International Airlines Group (IAG) based in the United Kingdom, and the Lufthansa Group from Germany.
IAG (UK) has made a significant commitment to developing a hub in Lisbon if it successfully acquires TAP Air Portugal. This pledge highlights IAG’s intention to enhance the operational capabilities of TAP while strengthening Lisbon’s position as a key aviation hub in Europe. TAP Air Portugal has long been a crucial player in connecting Europe with South America and…
LEVEL, a Spanish airline and a subsidiary of International Airlines Group (IAG), has announced plans to wet-lease its Airbus A330 aircraft to Iberia, another IAG carrier, during its ongoing process to secure a foreign air carrier permit and interim exemption authority from the US Department of Transportation (DOT). The move aligns with the US-EU Open Skies agreement, which facilitates…
International Airlines Group (IAG), headquartered in the UK, has reaffirmed its commitment to its stake in Air Europa, Spain’s prominent airline. The group announced its decision to participate in Air Europa’s capital increase, contributing $16.8 million to the initiative. This move ensures that IAG retains its 20% ownership in the airline, solidifying its strategic position in the Spanish and broader…
The European Commission has granted approval under the EU Merger Regulation for easyJet (UK), IAG (UK), and Air France-KLM as suitable remedy takers. This decision comes as part of the commitments made by Lufthansa (Germany) and the Italian Ministry of Economy and Finance (MEF) to secure joint control over ITA Airways (Italy).
TAP Air Portugal has reported a 35% decrease in net profit for the third quarter of 2024, totaling $124.1 million. This decline comes despite a 2% increase in operating revenues, which reached $1.35 billion during the same period.
IAG (International Airlines Group), headquartered in the United Kingdom, has finalized a $132 million compensation payment to Air Europa, the Spanish airline, for the canceled acquisition deal. The settlement concludes IAG’s financial obligations to Air Europa, following its decision not to proceed with the purchase. The payment reflects a negotiated agreement to resolve outstanding claims related to…
IAG (International Airlines Group), the UK-based parent company of British Airways and Iberia, is considered significantly undervalued by financial firm Panmure Liberum. According to Panmure Liberum, IAG’s share price should be trading at more than double its current value due to the company’s high return on capital and profit margins that outperform its industry peers. This assessment suggests that…
IAG (International Airlines Group), based in the UK, has indicated that its low-cost subsidiary Level, headquartered in Spain, could consider launching flights to Asia in the future. However, according to IAG, the current market conditions are not suitable for such an expansion. While IAG has not ruled out the possibility, it has emphasized that the decision will depend on improvements…
