IAG has decided that any non-EU investor which buys shares from today onwards will have their voting rights suspended and will have to sell them within 10 days. If they do not, IAG itself will buy these shares for repayment at the lowest price.
IAG has bought 4.61% of Norwegian Air. And according to Bloomberg, the Spanish airline could be considering making a bid for the whole company. IAG’s interest in the low cost long-distance segment (where Norwegian operates) is clear, given that it created an airline last year with these characteristics called Level.
Sonia Ruiz de Garibay (GVCGaesco) | Although a simultaneous investment recommendation for oil and airline stocks might seem a contradiction in terms, the fact they are both heavily influenced by oil prices gives them a very important element in common. Oil is an earning driver for the oil industry, while for the airlines sector it is an important costs’ element, accounting for over 20% of the total. Repsol and IAG are currently good bets.
Air Europa and Ryanair have formed an alliance under the terms of which the former will supply the latter’s long haul flights. Following the agreement, Ryanair’s website will sell the flights the Spanish airline offers from Madrid to 20 destinations in 16 countries in America. This is a market where Iberia is the traditional leader.
By Sean Duffy | MADRID | The announcement on Friday of the Qatar Investment Authority’s purchase of 9.99% of IAG is the latest flexing of financial muscle from the Gulf state. QIA continues to grow its portfolio in Europe, having already invested over €13bn in Spanish companies since the beginning of the crisis.
LONDON/MADRID | Group premium traffic for the month of July increased by 0.4 per cent compared to the previous year, on falling capacity.
Portugal has taken its commitment to Europe very seriously, the rescue programme representing €78bn. So after the selling of the state-owned companies EdP and REN to the Chinese companies Three Gorges and State Grid, it is the turn of the Portuguese flag carrier TAP. All the signs are that, if no unexpected events meddle the deal, the next TPA’s owner will be the British-Spanish airline IAG. According to the digital…
As reported in El Mundo, the company resulting from the merger of British Airways and Iberia, IAG, has signed a preliminary agreement to buy the British subsidiary of Lufthansa BMI, the second largest airline at Heathrow airport, according to the company’s statement in the presentation of results, in which it earned €365 million up to September. If the deal goes through it will, says IAG’s chief executive Willie Walsh, “expand our…
As reported in El Mundo, the company resulting from the merger of British Airways and Iberia, IAG, has signed a preliminary agreement to buy the British subsidiary of Lufthansa BMI, the second largest airline at Heathrow airport, according to the company’s statement in the presentation of results, in which it earned €365 million up to September. If the deal goes through it will, says IAG’s chief executive Willie Walsh, “expand our…