Iberia News
BA and Iberia seal £5bn merger
British Airways and Iberia have sealed their long-awaited merger, which will see the two flag carriers integrate operations by the end of the year. They are expected to save up to £350 million annually from the £5bn deal, and will trade as a holding company called International Airlines Group.
BA and Iberia miss merger deadline
British Airways’ merger with Iberia will not take place in the first quarter of this year as planned because of “technical issues”. However BA has quashed speculation that this was due to the disruption caused by the cabin crew strikes.
Iberia to sidestep unions with new low-cost airline
Iberia’s cabin crew are threatening strike action over plans to launch a new carrier this year that would pay crew lower wages. The new airline would employ some 350 staff and operate 14 aircraft, and is viewed as an attempt by the Spanish flag carrier to sidestep union resistance to cost cuts.
Profits tumble at Iberia as domestic demand falters
Spanish flag-carrier Iberia has reported a full-year loss for the first time in 13-years. The airline has been hit by volatile oil prices, falling demand for premium travel and a recession in domestic markets.
US authorities provisionally approve oneworld transatlantic tie-up
The American Department of Transport (DOT) has issued a tentative decision approving antitrust immunity for American Airlines and its oneworld partners, allowing the formation a global alliance. If granted final approval, the decision will allow the oneworld Alliance to join Star and SkyTeam – both of which have operated with antitrust immunity in the USA for some time – in the North American market.
BA, AA and Iberia transatlantic tie-up moves closer
The proposed transatlantic venture between British Airways, American Airlines and Iberia has moved closer to securing regulatory approval from the European Commission.
Iberia and Amadeus extend full content agreement until December 2014
Amadeus, a global leader in technology and distribution solutions for the travel and tourism industry and Iberia, the leading airline in Spain and the European-Latin American market, have agreed to extend their full content agreement until 2014.
BA’s mushrooming pension deficit threatens Iberia merger
The odds of a merger between British Airways and Iberia have lengthened following news that the pension deficit of the British flag carrier has grown by £1.6bn over the past year. BA may now no longer be able to meet long-term payments to its entire workforce, which has been the main sticking point in the proposed tie-up with Iberia.
Iberia starts installing seats that convert into fully flat beds
Iberia is to replace the current lie-flat seat beds in its longhaul Business Plus cabins with upgraded versions that recline to a fully flat horizontal position.
Iberia passengers can check-in at Paddington train station in London
As of today, Iberia passengers flying from London Heathrow airport can check-in and print their boarding passes at Paddington train station in London before taking the Heathrow Express train to the airport.
BA and Iberia agree merger deal
British Airways and Spain’s Iberia have announced that they have reached a preliminary agreement for a merger following discussions at separate board meetings throughout yesterday.
Iberia threatened with more strikes
Unions representing Spanish airline Iberia’s cabin crew have revealed they will stage eight more days of strikes unless a pay agreement is reached.