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Pijus Jauniskis

BA retires historical all-business BA1 trans-Atlantic flight

British Airways (BA) confirmed to AeroTime that it will terminate the historical all-business class flight BA1/BA2 between New York John F. Kennedy International Airport (JFK) and London City Airport (LCY) with the Airbus A318 as the parent company of BA, International Airlines Group (IAG), announced it was retiring the A318 fleet....


Pijus Jauniskis

IAG looks to save $704 million on Air Europa deal

International Airlines Group (IAG), parent to Aer Lingus, British Airways, Iberia, and others, is reportedly negotiating to acquire Air Europa, owned by Globalia, for half its original price ($1.17B)....


Clement Charpentreau

IAG subsidiary LEVEL France to cease operations

A month after LEVEL Europe entered insolvency, OpenSkies, which operates under the LEVEL France brand, announced it would cease activities. The closure of the two IAG subsidiaries is a way for the group to save costs....


AeroTime Team

IAG subsidiary LEVEL Europe announces insolvency

LEVEL Europe, Austria-based company that is part of International Airlines Group (IAG), is entering insolvency, the air carrier announced on June 18, 2020. ...


Ina Hladyshava

British Airways to cut 25% jobs, expects competitors bankruptcies

After the announcement on April 2, 2020, about the furlough of 30,000 workers (all of them retaining 80% of wages), British Airways (BA) now reveals its intentions to dispense with services of a quarter of its employees. ...


Zivile Zalagenaite

Qatar Airways ups stake in British Airways parent IAG to 25%

Qatar Airways increases its stake and now owns 25.1% of International Airlines Group (IAG), the parent company of multiple European carriers including British Airways and Iberia.   ...


Clement Charpentreau

IAG’s CEO and founder Willie Walsh to step down

Willie Walsh, CEO of IAG, will step down from his position in March 2020, after nine years of service. He will be replaced by Luis Gallego, currently chief executive of Iberia....


AeroTime Team

Qantas joins IAG, vows for zero emissions by 2050

Aviation industry, currently responsible for approximately 2% of global CO2 emissions, is striving to correct itself and cut the number in half in the next three decades. Now, following a similar pledge by International Airlines Group (IAG), Qantas is stepping forward and vows to reach zero emissions by 2050.  However, some measures, like electric aircraft engines, as still “some time” away....


Rytis Beresnevicius

IAG set to acquire Air Europa for $1.1 billion

International Airlines Group has announced that it is acquiring Air Europa, one of the biggest private airlines in Spain. The acquisition, pending governmental approval, will help IAG once again dominate the South Atlantic market, according to the group. The deal has already attracted attention from competing airlines....


Rytis Beresnevicius

IAG assesses British Airways strike impact in new FY2019 guidance

Amidst severe service disruptions and slowing growth, IAG has published an updated financial guidance for 2019:...