International Airlines Group News Page 2
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.
IAG to offer €800m in new bonds as travel shutdown continues
IAG said the cash would be used to strengthen its balance sheet, while also offering increased “operational and strategic flexibility” to take advantage of a recovery in demand.
IAG narrows losses in first quarter – calls for travel to reopen
International Airlines Group has reported a loss of €1 billon for the first quarter of 2021 as airlines struggle against government restrictions on travel.
IAG seeks to boost use of sustainable aviation fuel
International Airlines Group has become the first European airline group to commit to powering ten per cent of its flights with sustainable aviation fuel by 2030.
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.