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In August 2022, IAG converted a loan to Air Europa into a 20% shareholding. [45] On February 23, 2023, IAG announced completion of a deal to purchase the remaining 80% of Air Europa for 400 million Euros. [46] The European Commission, in January 2024, opened an in-depth investigation into proposed acquisition of Air Europa by IAG.
Shares in budget airline operator easyJet surged over 6% this Monday on reports that the group could be a takeover target for International Consolidated Airlines Group .
On 14 December 2014, International Airlines Group (IAG), owner of British Airways, Iberia and Vueling, launched a €1 billion takeover-bid (€2.30 per-share) for Aer Lingus Group plc. The Aer Lingus Board rejected the offer on 16 December 2014, with Aer Lingus commenting that the offer was, "preliminary, highly conditional and non-binding".
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 ...
In January 2011, BA merged with Iberia, creating the International Airlines Group (IAG), a holding company registered in Madrid, Spain. IAG is the world's third-largest airline group in terms of annual revenue and the second-largest in Europe. It is listed on the London Stock Exchange and in the FTSE 100 Index.
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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).
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