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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]
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.
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 .
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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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 ...
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]
International Consolidated Airlines Group SA. (LSE:IAG) outperformed the Airlines industry on the basis of its ROE – producing a higher 27.33% relative to the peer average of 20.28% over theRead ...