International Airlines Group

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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 to use the subsidiary to feed traffic to its long haul operations has said that initially Iberia Express would start operations by utilizing existing Iberia aircraft, starting with four A320s going to 13 aircraft by the end of next year. The airline says its doing this to counter the competition from Low Cost Carriers(LCC) like Easyjet and Ryanair which have over the recent years strengthened their service offering to the…

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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 is a big boost for the OneWorld alliance and a dent for the Star Alliance presence at the major hub in London. bmi is the second largest operator out of Heathrow airport serving many destinations both within UK and internationally, Initial reports suggest that the deal could be worth €100m-€150m. Of late bmi has been going through a series of troubles with its current parent Lufthansa planning to dispose it off…

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