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Prior to merging, British Airways owned a 13.5% stake in Iberia, and thus received ownership of 55% of the combined International Airlines Group; Iberia's other shareholders received the remaining 45%. [94] The merger has been controversial. British Airways operates two funded principal-defined benefit pension schemes in the UK.
On 6 October 2011, IAG created Iberia Express, a new low-cost airline to operate short- and medium-haul routes from IAG's Madrid hub and provide transfer feed onto Iberia's longhaul network. [17] [18] Iberia Express began operations on 25 March 2012. [19] [20]
In 1991 Iberia set up Europe's first international airline frequent-flyer programme, [9] Iberia Plus, and, in 1996, the airline launched the www.iberia.com website. The company ordered 76 aircraft from Airbus in February 1998, which was largest single consignment of Airbus ordered, and bought Aviaco in 1999 and inherited its fleet.
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 .
The airline established a new subsidiary based at London City Airport operating Airbus A318s. [41] British Airways and Iberia merged in January 2011, forming International Airlines Group, one of the world's largest airlines. British Airways was the official airline partner of the London 2012 Olympic Games.
The following is a list of the largest airlines in Europe by total scheduled and chartered passengers, in millions. The list includes companies classified as European by the IATA . The order of the chart and its completion goes only up to the year 2023.
The following is a list of government-owned airlines. The practice of government ownership of airlines, ... Iberia (airline) Spain: 2001 Privatized
American Airlines is a vital member of the Oneworld Atlantic joint venture on flights across the North Atlantic with European carriers British Airways, Finnair, and Iberia. Aer Lingus, which shares ownership with British Airways and Iberia, has received regulatory approval to join this joint venture.
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