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News: IAG completes Vueling purchase following board agreement

June 2, 2016 • admin
Vueling, the Spanish low-cost carrier based in Barcelona, is to become component of International Airlines Group after the vast majority of its shareholders accepted IAG’s cash tender offer for the airline, following recommendation by the Vueling board. IAG’s subsidiary Iberia already owns 45.85 per cent of Vueling’s shares and Iberia’s board agreed to not tender them within the offer. The Spanish National Securities Market Commission (CNMV) has announced today that 82.48 per cent of the rest shareholders have accepted IAG’s offer of €9.25 per share. Therefore, the IAG group will own 90.51 per cent of Vueling. The cost of buying the Vueling shares is €123.5 million. Vueling would be a standalone company within IAG with its chief executive Alex Cruz reporting into IAG chief executive Willie Walsh. Willie Walsh, IAG...
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News: Amadeus signs content agreement with IAG

January 17, 2015 • admin
Amadeus has signed a brand new long-term content agreement with International Airlines Group, one of many world’s largest airline groups. The agreement, which covers British Airways, Iberia, and Iberia Express, allows Amadeus subscribers to continue to learn from accessing an identical level of fares, availability and functionality as previously. “Reaching a brand new content agreement with IAG was a transparent commercial priority for Amadeus for it slow, so one can guantee that our subscribers can continue to access British Airways, Iberia and Iberia Express flights,” said Holger Taubmann, senior vice chairman, distribution, Amadeus.  He continued: “To this end we’re delighted to have reached agreement with IAG and we glance forward to continuing what was an extended and successful relationship for a lot of more future years.” Amadeus plays a critical...
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News: Expedia Affiliate Network inks cope with Air Tahiti Nui

February 19, 2014 • admin
Expedia Affiliate Network, the personal label arm of the world’s largest online travel company, today announces a longer partnership with Air Tahiti Nui, one of the crucial South Pacific’s leading international airlines. The carrier offers daily non-stop service from La International Airport to Tahiti and Paris. The deal will see ATN use the most recent version of EAN’s hotel retailing platform, Chameleon, to present the absolute best range of accommodation to customers booking travel both inbound to and outbound from the Pacific islands.  The partnership builds at the existing relationship between EAN and ATN, and sees the airline expanding its hotel offering to all points of sale, with key markets including France, Japan, New Zealand and Australia, as well as america and Canada. As well as providing access to approximately...
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Iberia drags International Airlines Group into red

March 2, 2013 • admin
International Airlines Group has reported an operating lack of €23 million before exceptional items for the year to December 31st. While British Airways made an operating profit of €347 million in the course of the period, the crowd was hamstrung by Spanish carrier Iberia, which made an operating lack of €351 million. Willie Walsh, IAG chief executive, said: “Last year was a year of transformation for IAG – we bought bmi and integrated it into British Airways and initiated our restructuring of Iberia. “Our operating performance was solid and the €23 million loss before exceptional items was better than our guidance to the market. There was an important impact at the results from exceptional and non-operating items resulting in a pre-tax lack of €997 million. These items include provision for...
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