IAG acquires Air Europa in €1bn deal

IAG acquires Air Europa in €1bn deal

International Airlines Group (IAG) has announced it will buy Madrid-based Air Europa for €1 billion. The Spanish airline will be acquired by IAG subsidiary Iberia, with the group stating that the brand “will initially be retained and the company will remain as a standalone profit centre within Iberia run by Iberia CEO Luis Gallego”. IAG said that the move would transform its Madrid hub “into a true rival to Europe’s four largest hubs: Amsterdam, Frankfurt,…

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Aer Lingus unveils new livery

Aer Lingus unveils new livery

Irish carrier Aer Lingus unveiled its new livery in Dublin Airport this week, more than two decades since the airline’s last design refresh. The airline has replaced its former half-green fuselage with a cleaner white design in a move to give the brand a more modern and fresh image as the airline continues to expand into the North American market. Aer Lingus’ prominent shamrock still features on the tail, though with an updated, stylised design….

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IAG to launch Austrian subsidiary

IAG to launch Austrian subsidiary

International Airlines Group (IAG) is to launch a new low-cost Austrian subsidiary through its LEVEL brand, with flights from Vienna starting on 17 July, 2018. The new subsidiary will have an Austrian Air Operator’s Certificate (AOC) and will base four Airbus A321 aircraft in Vienna from where it will fly to 14 European destinations. According to IAG, flights from Vienna will first be launched to Palma, Majorca and London Gatwick. Over the subsequent four weeks,…

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Norwegian Air Shuttle exceeds projected growth in May

Norwegian Air Shuttle exceeds projected growth in May

Norwegian Air Shuttle has reported higher-than-expected growth in capacity and passenger traffic in May. The Oslo-based airline, which is rapidly expanding its long-haul business across the Atlantic, also said its income per customer was in line with forecasts despite falling year-on-year. The airline saw its revenue-generating passenger kilometres (RPK) grow by 51 per cent year-on-year in May, three per cent more than the predicted 48.8 per cent, according to Reuters. In a statement, Norwegian Air’s…

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Norwegian rejects IAG takeover bid

Norwegian rejects IAG takeover bid

Low-cost airline Norwegian Air Shuttle confirmed Friday it has turned down two separate takeover bids by British Airways owner International Airlines Group (IAG). The announcement follows IAG taking a 4.6 per cent stake in the Scandinavian carrier in April. “The board of Norwegian Air Shuttle (NAS) confirms that it has received two separate conditional proposals from IAG Group in relation to an acquisition of 100 percent of the share capital of NAS,” the airline said in…

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IAG secures majority of Monarch slots at Gatwick

IAG secures majority of Monarch slots at Gatwick

British Airways owner IAG has won its bid to secure prized take-off and landing slots at Gatwick Airport, following the collapse of scheduled low-cost carrier Monarch. The deal, as reported by Press Association, has granted IAG the majority of the now-defunct carrier’s slots at Britain’s second busiest airport. It comes after Monarch won an appeal last Wednesday to have the rights to sell airport slots for next year, a court ruling which faced criticism by…

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British Airways to close pension scheme

British Airways to close pension scheme

British Airways has revealed that it plans to scrap its main pension scheme after the fund’s deficit ballooned to £3.7bn. BA said that if plans go ahead, employees would no longer be able to make payments into its New Airways Pension Scheme (NAPS). John Moore, head of industrial relations at the British Airline Pilots’ Association (BALPA), added: “It is bitterly disappointing that BA is now seeking to close NAPS to future accrual and thereby remove a…

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