IAG airlines

Air Europa

Air Europa will shortly receive the €100 loan from Iberia (IAG), convertible to 20% of its capital

Intermoney | The chairman of Iberia, Javier Sánchez-Prieto, has confirmed that Globalia already has the green light from SEPI, controlled by the Finance Ministry, and the banking syndicate led by Santander, for the 100 million euros loan convertible into shares with which to buy 20% of Air Europa. The deal was forged in March and is a first step towards the full acquisition of Air Europa. That said, it is…


IAG

The offer on scheduled seats for this summer in Spain will reach pre-Covid levels: good news for IAG, which could return to profits in Q2’22

Intermoney | La Asociación de Líneas Aéreas (ALA), the leading organisation in the sector in Spain with 85% of air traffic, announced its forecasts for this summer on Thursday. And the figures for the summer season fuel a moderate optimism. Although a recovery in the sector is not expected until at least 2023, the estimated scheduling for this summer season reaches figures which are very close to those of pre-pandemic…


Spain confronts Brexit: The moment of truth for Spanish companies in the UK

IAG: British Travellers To Spain Increase By 400%

According to Renta 4 analysts, bookings by British citizens to fly to Spain have increased by 400%. This is since the UK government announced the removal of the quarantine requirement on return to the country for those travelling to amber zones, including Spain, as of yesterday. AENA had 489 operations scheduled for yesterday between Spain and the UK, three times more than a week ago. Meanwhile, the newspaper Expansión reports…


iag

What If The UK And Spain Could Jointly Agree On A Bailout At The IAG Level?

Boris Johnson’s government would be looking for ways to take a stake in UK airlines such as Virgin, Easyjet or British Airways.The British government wouild intend to inject millions of pounds in exchange for shares in the companies, reported FT. These would later be sold to private investors. The main problem is that British Airways is part of the IAG group, based in Spain.



IAG

IAG results exceeds expectations

Renta 4 │ IAG results for Q219 exceeded expectations. It has maintained its guidance for 2019 and downgraded its expectations for oil prices. Positive impact on share price.