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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.
As of 2024, The International Assistance Group has over 160 partners, correspondents and Accredited Service Providers (ASPs) with an aggregated turnover of €1.5 billion, with 15,000 staff working through 150 24/7 alarm centres around the world and over 180 million travellers are supported by the International Assistance Group's members.
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]
Unite the Union decried the move as "heartless", saying "to reject government support but then expect their own staff to pay the cost... is irresponsible, dangerous and destructive". [ 9 ] On 12 October 2020, it was announced that Sean Doyle , CEO of Aer Lingus (also part of International Airlines Group (IAG)) would succeed Cruz as CEO of ...
Iberia has a 9.49% stake in low-cost carrier Vueling which is based near Barcelona, with parent company IAG owning the remaining 90.51%. This was done to ensure that IAG does not have 100% of the shares in Vueling, but that the shares are split between its divisions. Iberia also has a 0.95% share in Royal Air Maroc. [7]
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.
Insurance Australia Group Limited (IAG) is a multinational insurance company. It is the largest general insurance company in Australia, [ 2 ] and also the largest in New Zealand through its subsidiary IAG New Zealand .
The lobby of AIG's headquarters in the American International Building.. The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.