international-airlines-group

Iberia to bleed

International Airlines Group – owner of British Airways and Iberia – unveiled a major cost-cutting plan for the Spanish airline on 9 November including reducing its fleet by 25 aircraft and axing 4,500 jobs. It follows a 25% fall in third-quarter profits. Spanish trade unions said the plan amounted to the "dismantling" of the carrier.   [+]

BA has Buy American policy?

International Airlines Group, owner of British Airways and Iberia, is reported to be interested in buying a stake in American Airlines, according to press reports. US-based Delta is also interested in buying American. [+]