International Airlines Group (IAG) is to stick to its downsizing policy and will continue to restructure its portfolio of airlines as it looks to emerge from the Covid crisis. This will be a painful process with many job losses, but…
British Airways could slash up to 12.000 jobs as it has started a restructuring and redundancy program in response to the Covid-19 crisis, parent company International Airlines Group (IAG) confirmed on April 28. The restructuring will also affect the Group’s…
Willie Walsh made no secret about his desire to retire as International Airlines Group (IAG) CEO before reaching the age of 60 in October 2021. He repeated it during last November’s Capital Markets Day, but on January 9, IAG confirmed…
The news that IAG has agreed to acquire Air Europe for $1.1 billion will alter the competitive landscape in Spain. Madrid-based Air Europa will join IAG’s Iberia, becoming a standalone subsidiary and the Barcelona-based LCC Vueling in the IAG portfolio.…
The Spanish airline market is set for more consolidation as independent Air Europa will be bought by Iberia for EUR 1 billion, Iberia’s parent company International Airlines Group (IAG) announced on November 4. Subject to regulatory approval, the deal is expected…