International Airlines Group

London ( operational) United Kingdom United Kingdom

Line

• Antonio Vázquez Romero ( Chairman )
• Willie Walsh ( CEO)

The International Airlines Group, IAG short, is one by the merger of the two airlines British Airways and Iberia holding company with headquarters in London. On 21 January 2011, the Company entry in the trade register on 24 January 2011 started the trading in Madrid and London, the headquarters of the two airlines.

Both companies will remain with its own name as a brand of IAG. With over 400 aircraft, 250 destinations and 60 million passengers per year, the IAG is the third largest airline in Europe after Lufthansa and Air France -KLM.

Operating results

In Q4 2010, the IAG reported a profit of € 90 million compared to a loss of € 130 million in the same period last year, with its two airlines. In the 4th quarter of 2011, EBIT amounted to € 34 million.

Acquisitions

British Midland Airways

On December 22, 2011 gave IAG and Lufthansa takeover of the British airline British Midland Airways ( bmi) of belonging to the IAG, British Airways announced. The purchase price paid to British Airways, Lufthansa, as the owner of bmi, stood at 207 million euros. Since the losing bidder Virgin Atlantic announced, however, want to submit a complaint to the competition authorities, the transaction was subject. On 30 March 2012, the European Commission approved the sale of British Midland Airways International Airlines Group. In exchange, IAG must, however, make 14 takeoff and landing rights at Heathrow Airport.

Vueling

In March 2013, the International Airlines Group also faltered on their involvement in the Spanish low cost airline Vueling to over 90 percent and became the majority owner.