International Airlines Group News
IAG orders 50 Boeing 737-8200s and 737-10s
International Airlines Group (IAG) has reached agreement with Boeing to order 25 737-8200 and 25 737-10 aircraft, plus 100 options.
BA anticipates return to profit driven by premium travel
IAG, parent company of Aer Lingus, British Airways and Iberia, reports that the easing of Covid controls has improved demand in the first quarter, especially from premium travel. Strong customer demand is expected to drive profitability from the second quarter onwards.
IAG revives interest in Air Europa bid
IAG said today it will loan Air Europa parent Globalia €100 million with the option to convert it into a stake of up to 20 per cent in Madrid-based Latin America specialist.
International Airlines Group significantly narrows losses but remains in the red
International Airlines Group has reported a statutory operating loss of €2.8 billion for 2021. While still in the red, the figure is a marked improvement on the €7.5 billion lost in 2020.
Vueling adds new Spain routes from London Gatwick
The International Airlines Group-owned carrier will now offer a total of 24 direct routes from the United Kingdom to Spain, France and Italy this summer.
Travelport signs NDC distribution deal with IAG
The deal will bring New Distribution Capability content from Aer Lingus, British Airways, Iberia and Vueling to Travelport-connected travel agencies around the world.
CMA to examine IAG purchase of Air Europa
The Competition & Markets Authority has a launched an investigation into the proposed takeover of Air Europa by International Airlines Group.
IAG signs Velocys sustainable fuel deal
IAG has signed an agreement with Velocys, a sustainable fuels technology company, to acquire 220,000 tonnes of sustainable aviation fuel over ten years.
IAG seeks to return to profitability next year
Luis Gallego, IAG chief executive, said: “There’s a significant recovery underway and our teams across the group are working hard to capture every opportunity.”
British Airways secures £1bn government-backed loan
British Airways has signed an agreement with the UK government for a £1 billion loan. The deal, with UK Export Finance, was confirmed by owner International Airlines Group earlier.
International Airlines Group narrows losses in second quarter
International Airlines Group has reported an operating loss of €967 million for the second quarter. The figure is an improvement on the loss of €2.2 billion seen in the same period last year.
IAG signs with American Express Global Business Travel to accelerate NDC adoption
American Express Global Business Travel has renewed its distribution agreement with British Airways and Iberia. This will allow customers confidently shop within Supply MarketPlace.