TagsIAG

IAG seeks to boost use of sustainable aviation fuel

International Airlines Group (IAG) has become the first European airline group to commit to powering ten per cent of its flights with sustainable aviation fuel by 2030. The group will purchase one million tonnes of sustainable jet fuel per year enabling it to cut its annual emissions by two million tonnes by 2030. In addition, […]

Gallego takes over leadership of IAG

Luis Gallego has taken up the role of chief executive of International Airlines Group as Willie Walsh departs. Walsh had been expected to step down in the spring, but extended his tenure as the Covid-19 crisis engulfed the aviation sector. Gallego, who was previously chairman and chief executive of Iberia, stepped up earlier after the […]

Qatar Airways Increases its Stake Further in British Airways parent company IAG

Qatar Airways tightened it’s grip on British Airways by increasing it’s shareholding in International Consolidated Airlines Group, S.A (IAG) from 21.4% to 25.1% on the 19th February, the british airlines owner. An announcement on the Qatar Airways website read: Qatar Airways Group Q.C.S.C. (“Qatar Airways”) is pleased to announce that it has increased its shareholding […]

Willie Walsh To Stand Down as IAG Chief Executive

International Airlines Group (IAG) announced today that Willie Walsh has decided to retire as chief executive. He will stand down from the role and from the Board of IAG on 26 March 2020 and will retire on 30 June 2020. Luis Gallego, currently Iberia chief executive, will succeed Willie. Antonio Vázquez, IAG chairman, said: “Willie […]

IAG backs the A321XLR with an order for 14 aircraft

International Airlines Group (IAG) has selected the A321XLR to expand its fleet of highly efficient single aisles with a firm order for 14 aircraft. Of these, eight are destined for Iberia and six for Aer Lingus. IAG, the parent company of leading airlines also including British Airways, Level and Vueling, is one of Airbus’s largest […]

British Airways Chooses Boeing 777 to Replace 747s

IAG’s British Airways picks the 777X to modernize a major part of its long-haul fleet, the 777X builds on 777 and 787 Dreamliner technology and will be world’s largest, most efficient twin-aisle jet. Boeing and International Airlines Group, the parent company of British Airways, announced the airline has committed to purchasing up to 42 777X […]

International Airlines Group overcomes rising fuel prices to report strong profits

International Airlines Group has reported operating profit of €1,460 million before exceptional items for the nine months to September 30th, up from €1,450 million last year. The company – which owns British Airways, Iberia, Aer Lingus and other European carriers – said it would issue an interim dividend of 14.5 cents per share. Passenger unit […]

IAG takes a near 5% stake in Norwegian, weighs full offer

International Airlines Group (IAG) on April 12, 2018, acquired a 4.61% ownership position in budget carrier Norwegian Air Shuttle to initiate discussions with the airline, including the possibility of a full offer for Norwegian. A potential deal could value the carrier at $3 billion with debt, sources say. “IAG considers Norwegian to be an attractive […]

IAG adopts new technology to reduce carbon emissions, save fuel

International Airlines Group (IAG) announced on March 20, 2018, it is partnering with Honeywell to introduce innovative technology to reduce carbon emissions and boost fuel savings. The airline group is aiming to enhance the efficiency of its entire fleet with the GoDirect Flight Efficiency and GoDirect Fuel Efficiency software. IAG – the parent company of […]