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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]
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
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]
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. On 24 January 2011, Walsh became chief executive of IAG, which is the parent company of BA and Iberia. Both airlines are members of the Oneworld alliance.
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 ...
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Level was established by IAG in response to increased competition in the low-cost long-haul market, including that of Norwegian Long Haul.On 15 March 2017, IAG CEO Willie Walsh announced the new brand, together with four destinations launching in June 2017 from Barcelona–El Prat Airport (later renamed after Josep Tarradellas in 2019).