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…
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…
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…
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…