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. ...
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....
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....
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....
Amidst severe service disruptions and slowing growth, IAG has published an updated financial guidance for 2019:...
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....
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....
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....
British Airways (BA) legal attempts to halt its pilots’ industrial action have now been defeated twice in court. The UK’s flagship carrier recently lost appeal against the British Airline Pilots’ Association (BALPA), whose members have voted strongly in favor of an industrial action. The airline had taken the union to court in an attempt to block pilots’ planned strike threatening the busy summer period....
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