For an airline group that came into being through consolidation, the failure of IAG's latest planned deal to take over Air Europa must be a big disappointment.
After dropping its proposed acquisition of Air Europa, IAG's CEO still sees benefits of consolidation and retains an interest in buying TAP Air Portugal.
IAG CEO Luis Gallego told an audience at Farnborough Airshow that recent action by the European Commission bodes well for its proposed acquisition of Air Europa.
Management changes at three of IAG's Spanish airlines come as the group continued its fast recovery of profits, which exceeded pre-pandemic levels in 2023.
Spanish carrier Iberia has put forward a proposal to spin-off its ground handling activities into a new company, resulting in 1,727 voluntary redundancies.
Tune in as Aviation Week editors speak with IAG Head of Sustainability Jonathon Counsell on aviation’s path to net zero, including reducing non-CO2 emissions.