TagsIAG

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 […]

IAG to purchase Niki for $24M

IAG intends to purchase the Austrian airline Niki for €20 million ($24 million) as well as provide up to €16.5 million to provide liquidity, Reuters reported on December 29, 2017. Earlier in December 2017, Niki ceased its operations after German carrier Lufthansa scrapped the plans to buy it. The assets of the Austria-based leisure airline […]

Monarch Airlines could compensate passengers with slot deal money

After the biggest UK airline collapse in years just a month ago, the administrator of the bankrupt Monarch Airlines has struck a deal with IAG over slots at Gatwick airport, valued at over €68 million. The sale has sparked an outrage among the passengers left stranded or without holidays by the airline collapse, majority of […]

IAG buys Monarch’s slots, increases presence at Gatwick by third

International Airlines Group (IAG), the owner of British Airways, is purchasing the London Gatwick airport slots from the administrator of the recently-bankrupt UK carrier Monarch Airlines. British Airways, the largest airline in UK by the fleet size, is seen as the biggest beneficiary of the move as it allows expanding its presence at Gatwick. The […]

International Airlines Group to launch new long-haul carrier LEVEL

International Airlines Group is launching LEVEL – a new low cost long-haul airline brand. The carrier will take to the skies in June, with flights from Barcelona to Los Angeles, San Francisco (Oakland), Buenos Aires and Punta Cana. LEVEL will fly two new Airbus A330 aircraft branded in its own livery and fitted with 293 […]

IAG carries 100m passengers in 2016

International Airlines Group carried more than 100 million passengers in 2016, a record for the group. In total, Aer Lingus, British Airways, Iberia and Vueling carried 100,675,056 passengers which was up by 14 per cent compared to 2015. IAG chief executive, Willie Walsh, said: “This month, IAG celebrates its sixth birthday and our airlines continue […]

IAG to cut capital expenditure by $1.6B because of Brexit

IAG holding, controlling British Airways and Iberia, is planning on cutting its capital expenditure by $1.6 billion due to uncertainty that was caused by the decision of Britain to leave the European Union, according to the company’s CFO Enrique Dupuy. The company will also rethink the last orders for Boeing and Airbus aircraft, while at […]