IAG

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Ryanair to sell Aer Lingus stake to IAG

Ryanair has just announced that is accepting the £961 million IAG (parent company of British Airways) bid for Aer Lingus. The bid that was already blessed by the Irish authorities was already a precursor for the complete takeover of Aer Lingus and integration into the IAG network. The trans-Atlantic flight routes from Dublin are too…

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American Airlines, AMR take the bankruptcy protection route

After being the only major airline in the US history to not have filed one, American Airlines and its parent company AMR Corp filed for Chapter 11 bankruptcy protection today. There had been speculation going around ever since AMR shares suffered a hug 40% drop in October that airline may file for bankruptcy sooner or…

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Iberia to launch Iberia Express for its short and medium haul routes

Spanish carrier Iberia which is part of the International Airlines group (IAG) has decided to start a new subsidiary named Iberia Express, the airline intends to service its short and medium haul destinations specially the Spanish domestic and European markets from Madrid offering Economy and Business Class seating at “Competitive” fares. The carrier which intends…

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BA buys 6 daily slot pairs at Heathrow from bmi

BA is cementing its presence at its London-Heathrow (LHR) hub by buying 6 daily slot pairs from the troubled airline bmi British Midland International. As reported by BA parent, International Airlines Group (IAG) in a press release, “BA plans to use these slots from late October 2011 for operating more long-haul and short haul flights”. This…