International Airlines Group News
International Airlines Group secures further US$1.7bn in credit
International Airlines Group has signed a revolving credit facility with a syndicate of banks as the Covid-19 pandemic enters a second year in Europe.
IAG unveils plans for €1 billion bond issue
Proceeds from the bond funding are earmarked for ‘general corporate purposes’ including the strengthening of the balance sheet and financial support for “a more prolonged downturn in air travel”.
Amadeus partners with IAG for NDC rollout
Through the agreement, content from IAG operators, including British Airways, Iberia, Aer Lingus and Vueling, will be made available for travel sellers via Amadeus’ NDC-enabled solutions.
International Airlines Group reports €7.4bn loss for 2020
The group – which includes Iberia, British Airways, Aer Lingus and others – saw revenue fall 69 per cent to €7.8 billion for the year to December as Covid-19 halted travel around the world.
Embleton appointed chief executive of Aer Lingus
International Airlines Group has appointed Lynne Embleton to the role of chief executive of Irish flag-carrier Aer Lingus. She will start her new role on April 6th.
IAG agrees to half-price Air Europa deal
Having initially signed to pay €1 billion for the carrier in November 2019, the European aviation giant has now approved a deal valued at €500 million.
Ferran steps into role as IAG chairman
International Airlines Group has confirmed that Antonio Vazquez has retired as a director of the company and chairman of the board. As previously announced, Javier Ferran has succeeded him as chairman.
IAG rejigs ownership structure to accommodate Brexit
International Consolidated Airlines Group has implemented plans it says will ensure that its EU licensed airlines continue to comply with current ownership and control rules following Brexit.
IAG Cargo returns to Incheon in South Korea
IAG Cargo has announced a return of its direct service from the United Kingdom to South Korea. The route was paused earlier this year due to the Covid-19 pandemic.
IAG reports huge losses for third quarter
International Airlines Group has reported an operating loss of €1.3 million for the third quarter, down from a profit of €1.4 million for the same three months last year.
IAG cuts further capacity as losses continue to mount
International Airlines Group has reported a loss of €1.3 billion for the third quarter and confirmed it will make further capacity cuts for the rest of the year.
Doyle steps up as British Airways chief executive
Alex Cruz, chairman and chief executive British Airways, is to step down from the roles with immediate effect. He will remain with the airline as non-executive chairman.