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Flying or Falling? The Future of the Global Aviation Industry

Flying or Falling? The Future of the Global Aviation Industry

27 July 2011 Focus

While perhaps the most global of industries, aviation has failed to create a truly global airline. But with rising fuel costs, falling prices and natural disasters all taking a toll, the crunch for legacy carriers across the globe is fast approaching. Here Breaking Travel News looks at the various strategies open to airlines as they seek to survive.

General Electric selected to power Iberia A330 planes

General Electric selected to power Iberia A330 planes

26 July 2011 Airline News

International Airlines Group has selected General Electric CF6-80E1 engines to power the eight Airbus A330 aircraft it currently has on order. According to carrier, the CF6-80E1 engines incorporate the latest technology with improved fuel efficiency, reduced emissions and a longer operating life.

Passenger numbers continue to rise at IAG

Passenger numbers continue to rise at IAG

6 July 2011 Airline News

Passenger numbers at International Airlines Group have continued to increase following the merger of British Airways and Spanish flag-carrier Iberia. The airlines jointly carried a total of 4.5 million passengers in June, compared with some 4.4 million in June 2010.

IAG warns over rising fuel despite strong revenue gains

IAG warns over rising fuel despite strong revenue gains

6 May 2011 Airline News

International Airlines Group, the company formed from the merger of British Airways and Iberia, has become the latest carrier to warned that high oil prices could cost it an additional €100m this year, whilst the Japan earthquake and Arabic uprisings have caused a similar dent. However its quarterly figures were otherwise solid with losses narrowing to €47m, down from €273m a year ago.

BA to undergo rebranding

BA to undergo rebranding

13 April 2011 Airline News

British Airways is to relaunch its brand later this year following its merger with Iberia. Details of the rebranding will be kept under wraps till autumn, but the national carrier is hoping the campaign will put the airline back on the map as one of the world’s iconic brands.

IAG boosts Latin America and Middle East services

IAG boosts Latin America and Middle East services

6 April 2011 Airline News

International Airlines Group – composed of British Airways and Iberia – has confirmed it will reorganise its network to improve services to Latin American and the Middle East. Under the plans, Latin America will become more accessible to British Airways customers and the Middle East will be brought to the doorstep of the Spanish flag-carrier’s travellers.

IAG considers stake in Japan Airlines

IAG considers stake in Japan Airlines

31 March 2011 Airline News

International Airlines Group has revealed its interest in taking a stake in Japan Airlines, after the Asian carrier emerged from bankruptcy proceedings. IAG was formed earlier this year following the merger of British Airways and Iberia of Spain.

American-BA-Iberia sign strategic alliance

American-BA-Iberia sign strategic alliance

29 September 2010 Airline News

American Airlines, British Airways and Spanish flag-carrier Iberia have signed a long-awaited strategic alliance that will see them cooperate on flights between Europe and North America. The deal had been vigorously opposed by transatlantic rival Virgin Atlantic, which claimed it would create a “monster monopoly”.

International Airlines Group names board

International Airlines Group names board

28 September 2010 Airline News

Members of the board of directors of International Airlines Group - the holding company formed by the merger of British Airways and Iberia - have been appointed. While many of the new board come from the existing leadership of the partner airlines, John Snow, the former US Treasury secretary, is among the most notable new faces.

BA aims to create super-airline

BA aims to create super-airline

6 September 2010 Airline News

British Airways and Iberia have drawn up a shopping list of up to 12 airlines which they hope to buy or merge with once their own tie-up has been completed. Airlines in their sights include Qantas, South African Airways, Finnair and AirAsia in a plan that would create the world’s largest airline.