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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:...


Clement Charpentreau
Aigle Azur, four offers left, no more Air France

Air France and the Dubreuil group did not submit any new takeover offer for Aigle Azur after the first one was rejected by the Commercial Court of Evry. Only four bids were filed....


Clement Charpentreau
Aigle Azur files for bankruptcy, Air France, IAG expected to bid

After an eventful week, Aigle Azur filed for bankruptcy on September 2, 2019. The company is now waiting for potential buyouts, with the deadline for bids set to next week. Air France and IAG may compete to take over the second biggest French airline to obtain its precious slots....


Zivile Zalagenaite
More customers express frustration over Airbus A320neo delays

Just as Airbus revealed having increased its production rates in the first half of 2019, particularly ramping-up production of the A320 Family aircraft, increasing delivery rates for the same time period have set the manufacturer on course to beat those of rival Boeing by the end of 2019. However, the task to keep up with production targets and delivery rates poses a challenge, as some customers share their frustration over delays....