All posts tagged "IAG"

  • News
    IAG Sells BMI Regional for £8m

    IAG has sold BMI Regional to aviation consortium Sector Aviation Holdings for £8 million cash. 

The sale includes all bmi regional’s fixed assets and long-term liabilities, including owned and operating lease aircraft. 

If approved by the CAA, ownership is expected to be transferred to SAH within two weeks. IAG Chief Executive Willie...

  • News
    BA to Sell bmibaby and bmi Regional

    Following the acquisition of bmi by IAG from Lufthansa, British Airways is continuing discussions with potential buyers for bmibaby and bmi Regional and has stated that there could be up to 1,200 redundancies at bmi’s head office at Castle Donnington and at UK regional airports. The integration with BA would secure 1,500...

  • News
    End-March for EU Ruling on BMI Deal?

    The earliest date for an EU ruling on IAG’s proposed acquisition of British Midland International from Lufthansa has now been confirmed as 30th March. BMI has always based its working assumptions on this deadline and IAG has confirmed that it is “continuing to talk to the EU”. IAG has said that it...

  • News
    Iberia Express Takes Off Next Summer

    IAG, the parent company of British Airways and Iberia, will launch a new low-cost carrier, Iberia Express, in summer 2012. Based at Barajas Airport in Madrid, the airline will commence with four aircraft and may have 13 by the year-end. These will be existing Iberia aircraft, but new pilots and cabin crew...