The International Consolidated Airlines Group, SA (OTC:ICAGY, BABWD, LSE:IAG, BMAD:IAG) was established in January 2011 by British Airways (founded on March 31, 1974) and Iberia (founded in 1927). June 28), a joint venture between the United Kingdom and Spain. It is a multinational airline company headquartered in London, England. The company is incorporated in Madrid, Spain. It has 62,238 full-time employees. It is the third largest airline in Europe and the sixth largest in the world. (2017 revenue was 22.972 billion euros).
International Consolidated Airlines Group (ICAGY):
The abbreviation of International Aviation Group IAG, is a British-Western multinational airline, the holding company is registered in Madrid, Spain (so the company is SA, not plc), headquartered in London, UK, in January 2011 by British Airways ( British Airways) merged with Iberia, and British Airways acquired 55% of the shares of the newly formed company. After the merger is completed, British Airways and Iberia will no longer be independent companies, but will become wholly-owned subsidiaries of IAG.
International Aviation Group Corporation is listed on the London Stock Exchange and the Madrid Stock Exchange. It is a constituent stock of the FTSE 100 index and the IBEX 35 index.
International Consolidated Airlines Group, SA and its affiliates provide air passenger and air cargo transportation services in the United Kingdom, Spain, Ireland, the United States and other parts of the world. Operating under the brands of British Airways, Iberia, Vueling, LEVEL, IAG Cargo, Avios and Aer Lingus .
As of February 12, 2018, International Aviation Group operated 547 aircraft to 268 destinations around the world.
International Consolidated Airlines Group (ICAGY) history:
- In November 2009, British Airways and Iberia have announced the signing of a preliminary merger.
- In April 2010, the two companies confirmed a complete merger and signed documents.
- On January 21, 2011, the merger and acquisition was completed, and International Airlines began its listing in London and Madrid on the 24th.
- In October 2011, IAG announced the launch of Iberia Express for short- and medium-haul routes. On March 25, 2012, Iberia Express began operations.
- On November 4, 2011, IAG decided to acquire Central Airlines from Lufthansa . Through this transaction, IAG’s shares in Heathrow Airport increased from 45% to 54%. On December 22, the transaction amount was set at 172.5 million pounds. The transaction was completed on April 20, 2012. At the end of 2012, the aircraft and routes of the British Central Airlines have been integrated under IAG.
- On November 8, 2012, IAG decided to completely acquire Vueling Airlines. In April 2013, it held more than 90% of Vueling Airlines shares.
- In December 2012, IAG split the cargo of British Airways, British Airways and Iberia into a separate international airline group cargo.
- In April 2013, IAG decided to purchase 18 Boeing 787s, and the transaction amount will reach 4.5 billion euros. These aircraft will replace part of British Airways’ 747 aircraft between 2017 and 2021.
- In January 2015, IAG bid 1 billion pounds for Aer Lingus. In May of the same year, it was approved by the Irish government and the acquisition was completed on August 18, 2015.
- On March 1, 2015, Stephen Kavanagh was appointed as CEO of Aer Lingus and Executive Director of Aer Lingus’ Board of Directors. In October 2015, Rachel Izzard was appointed as the Chief Financial Officer of Aer Lingus and was appointed to the Aer Lingus Board of Directors (Before joining Aer Lingus, Rachel Izzard was the Chief Financial Officer of IAG Cargo). In November 2015, Alex Cruz was appointed Executive Chairman of British Airways. Steve Gunning was appointed as the chief financial officer of British Airways.
- In April 2016, Qatar Airways announced that it would increase its shareholding in IAG from 9.99% to nearly 12%; in May of the same year, Qatar Airways’ shareholding increased to 15.01%.
- In March 2017, International Aviation Group announced that a new low-cost long-haul airline called LEVEL will start operations from Barcelona in June 2017.
- On December 29, 2017, IAG announced that it had purchased the main assets of the suspended Austrian leisure airline Niki, including 15 Airbus A321 aircraft, and in Düsseldorf, Munich, Vienna, Zurich and Palma de Mallorca. It plans to establish a new Austrian subsidiary called Vueling as an alternative brand to Niki.
- In April 2018, it was reported that IAG was considering acquiring Norwegian Air Shuttle ASA (OSE:NAS), the third largest in Europe and the ninth largest in the world. IAG confirmed this after acquiring a 4.6% stake in Norway. Rumors.