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On 4 November 2011, IAG agreed in principle to acquire British Midland International (BMI) from Lufthansa, in a deal which would increase IAG's share of slots at Heathrow airport from 45% to 54%. [ 21 ] [ 22 ] On 22 December 2011, IAG agreed a binding deal with Lufthansa to acquire BMI for £172.5 million. [ 23 ]
The airline group has begun issuing billions in new shares at a heavily discounted price. British Airways owner IAG to raise £2.5bn as job cuts hit 8,200 Skip to main content
Walsh oversaw the merger of British Airways and Iberia forming a new holding company International Airlines Group (IAG) in January 2011. He also created a Joint Business Agreement with Iberia and American Airlines, meaning the three airlines now market and sell each other's seats and share revenue on trans-Atlantic routes.
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The appointment of Gallego, CEO of Iberia since 2014, meant there would be little change of direction at IAG, analysts said. Walsh hands over the controls after building British Airways parent IAG ...
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]
In November 2020, the IAG & NRMA Superannuation Plan merged with Sunsuper. [8] In March 2021, Sunsuper and QSuper announced a merger. [9] Sunsuper and the Australia Post Superannuation Scheme (APSS) announced they will explore a merger. [10] On 28 February 2022, the merger of QSuper and Sunsuper to become Australian Retirement Trust was finalised.
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