Iberia, the flag carrier of Spain, has announced an ambitious strategic plan aimed at increasing its operating profit to US$1.6 billion over the coming years. This represents a 40% improvement compared to its 2023 financial performance. The initiative is supported by a planned US$7 billion investment, which will be deployed across fleet, infrastructure, technology, and customer experience enhancements.
Air Europa has expanded its long-haul fleet with the delivery of a Boeing 787-9 Dreamliner, bearing manufacturer serial number 62522. This aircraft is powered by Rolls-Royce Trent 1000 engines, enhancing the airline’s capacity and fuel efficiency on transcontinental routes.
Turkish Airlines is actively evaluating a potential investment in Air Europa, with intentions to submit a bid for a minority stake in the Spanish carrier. This move aligns with Turkish Airlines’ broader strategy of expanding its European footprint and securing a stronger presence in the Iberian Peninsula. The development comes amid a competitive bidding process, with binding offers due in…
Etihad Airways of the United Arab Emirates has entered into a lease agreement with Air Europa of Spain for the Boeing 787-9 Dreamliner, which will be deployed on Etihad’s Abu Dhabi to Madrid route starting 24 June 2025. The move supports Etihad’s efforts to optimize long-haul operations and adjust capacity in key international markets.
International Airlines Group (IAG) is exploring the potential launch of a new low-cost carrier (LCC) in Madrid, should salary negotiations with Iberia Express pilots fail to reach a resolution. At the same time, the Group is reconsidering its position in Air Europa, weighing the possibility of maintaining its 20% stake without participating in an upcoming capital increase.
Iberia, Spain’s flagship airline, has entered into wet-lease agreements to sustain its operations between Madrid and Santo Domingo as its own Airbus A330 fleet undergoes maintenance. The airline has leased an A330-300 from Wamos Air and an A330-900 from Iberojet, both based in Spain, to cover the temporary gap in capacity.
SKY Airline, based in Chile, and Air Europa, headquartered in Spain, have entered into an interline agreement, enabling seamless connectivity for passengers through key hubs in Madrid and Medellin. The partnership enhances travel options across Europe and Latin America, strengthening ties between the two regions.
Dan Air, a Romanian carrier, has entered into a wet lease agreement with Tarom, Romania’s national airline, to support operations on the Bucharest-Madrid route. The agreement will see Dan Air providing an Airbus A320, complete with crew, maintenance, and insurance, for flights scheduled between November 22, 2024, and January 13, 2025.
World2Fly, a Spanish airline, has announced the launch of three new routes set to begin in June 2025, enhancing connectivity from Madrid and Lisbon to popular long-haul destinations. The new routes will connect these European cities with La Romana in the Dominican Republic, Mauritius in the Indian Ocean, and Montego Bay in Jamaica. This expansion aligns with World2Fly’s strategy to strengthen its presence in the leisure travel market,…
Iberia, Spain’s national carrier, is set to introduce Airbus A321XLR service on its routes from Madrid to Paris Charles de Gaulle (CDG) and Stockholm Arlanda by November 7, 2024. This deployment of the A321XLR will enhance Iberia’s connectivity across Europe, offering passengers greater comfort and efficiency on these popular routes.
