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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 parent company, iA Financial Corporation Inc., is a portfolio management company which is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares). The preferred shares of its subsidiary, Industrial Alliance Insurance and Financial Services Inc. are listed on the Toronto Stock Exchange under the ticker symbol IAF.
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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Vueling had urged its shareholders to reject IAG's offer and its shareholders had until the 8th of April 2013 to decide upon the recommendation. [54] On 27 March 2013, IAG improved its offer for Vueling, raising its offer per share from €7 to €9.25.
Willie Walsh, who created British Airways parent IAG <ICAG.L> by dragging old-fashioned flag carriers into the modern age of budget flying, will step down in March to be replaced by Iberia boss ...