Iberia (IB, Madrid Barajas) parent IAG has reportedly placed options for a total of forty-four long-haul aircraft; thirty-two Airbus A350-900s and twelve B787-9s with Airbus (AIB, Toulouse Blagnac) and Boeing (BOE, Washington National) respectively. The machines would be used to replace the Spanish carrier's current fleet of thirteen A340-300s, seventeen A340-600s as well as its eight A330-300s, the first four of which have only just been delivered. The order was made public by Iberia chief executive, Luis Gallego though it is still subject to the airline's satisfactory restructuring and the business transitioning into profitable growth.
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IAG says Iberia longhaul fleet order is for 32 A350-900s, 12 787-9s
About Iberia
| Type | Scheduled Carrier |
|---|---|
| Base | Madrid Barajas |
| Aircraft | 84 |
| Destinations | 130 |
| Routes | 232 |
| Daily Flights | 568 |
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IAG is keen on further acquisitions but stays mum on TAP
02.03.2023 - 16:11 UTCIAG International Airlines Group Chief Executive Officer Luis Gallego says the group remains open to further acquisitions but would not be drawn into commenting on its alleged interest in the planned semi-privatisation of TAP Air Portugal (TP, Lisbon).
“I will not talk in particular on TAP, but we explore all options that will make the group stronger,” he said during the company’s full-year results earnings call on February 24, 2023.
In January, Portugal’s Economy Minister António Costa e Silva told Spanish newspaper El Economista that IAG would be amongst the government’s top choices for the semi-privatisation of TAP due to its ownership of Iberia (IB, Madrid Barajas), which already has connections to Portugal’s three main gateways, Lisbon, Porto and Faro.
An IAG spokesperson previously told ch-aviation that “we never comment on rumour or speculation”.
The Portuguese government looks to re-privatise at least half of TAP's share capital and reportedly has begun discreet discussions with Air France-KLM, Lufthansa Group, and IAG, all three of which have...
IAG to up stake in Spain’s Air Europa to 100% for €400mn
24.02.2023 - 12:18 UTCIberia (IB, Madrid Barajas) parent IAG International Airlines Group will pay EUR400 million euros (USD423.7 million) to Globalia for the remaining 80% of Air Europa (UX, Palma de Mallorca) to take full ownership of the airline, it announced in a statement released on the evening of February 23.
IAG said that “the acquisition remains strategically important for the group and positions it to benefit from growth opportunities in the Latin America and Caribbean market, as well as to increase connectivity to Asia.” The Anglo-Spanish holding bought its current 20% stake in August 2022 for EUR100 million (USD106 million),
“Upon completion,” it said, benefits of the deal include “transforming” its Madrid Barajas hub to compete with Europe’s largest hubs, “enhancing IAG’s position in the highly attractive Europe to Latin America and Caribbean market, and enabling the company to open routes to new destinations in Asia.”
It will also offer “significant synergies, in line with those of previous acquisitions, to be delivered around 2026 to 2028” if the deal is completed,...
IAG mum on TAP privatisation being its "Plan B"
17.02.2023 - 12:06 UTCIAG International Airlines Group has declined to comment on media speculation that it is closely watching the pending reprivatisation process of TAP Air Portugal as a possible "Plan B' should its intended 100% acquisition of Air Europa (UX, Palma de Mallorca) not meet with European Commission approval.
"We never comment on rumour or speculation," an IAG spokesperson informed ch-aviation.
Spanish business and finance newspaper, Cinco Días, reports the imminent opening of TAP's privatisation process has not altered IAG's objective of boosting its Spanish subsidiary Iberia by acquiring all of Air Europa, but, at the same time, was keeping a close watch on developments in Lisbon.
As reported, IAG last year converted its EUR100 million euro (USD100 million) loan to Air Europa parent Globalia into a 20% stake in the airline. The deal was conditional on Iberia not intervening in the management of Air Europa and that both airlines continue to operate independently. However, IAG and Iberia reportedly are negotiating with Brussels and Spain's state-owned holding company (Sociedad Estatal de...
