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An increased offer of €9.25 was accepted by the Vueling board on 9 April 2013, and received majority shareholder approval on 23 April 2013. IAG took control of Vueling on 26 April 2013. [26] [27] In December 2012, IAG completed the merger of the cargo operations of British Airways, BMI and Iberia into a single business unit, IAG Cargo. [28] [29]
During February 2023, The international airlines group, the owners of British Airways announced that the group has returned to making an annual profit of €1.3 billion for the first time since the pandemic, following a €2.8 billion loss in 2021. The company warned that due to the surge in demand for flying this could lead to more disruption.
QBE responded by increasing its proposal to 0.142 QBE shares plus 70 cents per IAG share. On 14 April 2008, IAG also rejected this proposal. On 16 May 2008, QBE increased its proposal to 0.145 QBE shares plus 90 cents per IAG share (an effective value of $4.60 per IAG share at the time). This was rejected by IAG four days later and on 21 May ...
British Airways owner IAG has returned to profit as the airline industry continues to rebound from Covid-19. The company said it made an operating profit before exceptional items of 1.26 billion ...
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On 26 May 2015, after months of negotiations on a possible IAG takeover, the Irish government agreed to sell its 25% stake in the company. Ryanair retained a 30% stake in Aer Lingus which it agreed to sell to IAG on 10 July 2015 for €2.55 per share. [10] [11] In August 2015, Aer Lingus' shareholders officially accepted IAG's takeover offer. [12]
EasyJet shares soar on IAG takeover reports. Pedro Goncalves. October 31, 2022 at 4:14 AM ... “Many airlines will have been watching easyJet’s share price collapse and weighing up their options.
Shareholders of both carriers approved the deal on 29 November 2010. [10] The newly merged company, known as International Airlines Group (IAG), was established in January 2011, although both airlines continue to operate under their respective brands. [11]