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Iberia formerly owned Aviaco, which operated most domestic routes. It was founded on 18 February 1948 and operated until 1 September 1999. Iberia also owned Binter Canarias, until the Spanish government began the privatisation of the subsidiary. Hesperia Inversiones Aéreas bought the airline from Iberia in July 2002.
On 6 October 2011, IAG created Iberia Express, a new low-cost airline to operate short- and medium-haul routes from IAG's Madrid hub and provide transfer feed onto Iberia's longhaul network. [17] [18] Iberia Express began operations on 25 March 2012. [19] [20]
Iberia Group airlines fly to 97 destinations in 40 countries. Via code-sharing arrangements with other companies, it offers flights to another 60 destinations in 25 countries. With a fleet of almost 200 aircraft, it makes about 1,000 flights each day. In 2002, Iberia carried 28 million passengers and 210,000 tons of freight.
In 1946, it was the first airline to fly between Europe and South America, a region that has remained at the core of Iberia’s long haul business throughout its history.
This is a list of airline holding companies, that either own more than one airline or are the parent company of a single airline. A company or firm in which the holding company owns a significant portion of voting shares , usually 20–50% or a "minority of share ownership", is known as an associate company .
The top-performing European airlines were the Spanish low-cost airline Iberia Express, at 84.7%; its parent airline, Iberia ... while Caribbean Airlines, jointly state-owned by Trinidad and Tobago ...
The airline established a new subsidiary based at London City Airport operating Airbus A318s. [41] British Airways and Iberia merged in January 2011, forming International Airlines Group, one of the world's largest airlines. British Airways was the official airline partner of the London 2012 Olympic Games.
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