17 OCTOBER 2011
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
info@btnews.co.uk
© 2022 Business Travel News Ltd.
Spain is to host another budget airline, this one called ‘Iberia Express’. Owner Iberia already has a 46% stake in carrier Vueling (itself dating back in its present form to 2009, part of a reverse take-over from Clickair) but has no day to day management involvement in the operator.
‘Iberia Express’ will begin operations in summer 2012, initially with four former Iberia Airbus A320 aircraft, reaching 13 by the end of the year.
“The creation of Iberia Express will not affect the terms and conditions of employment of current employees of Iberia, and will not change the ongoing collaboration with Vueling and Air Nostrum,” said Iberia Chairman Antonio Vázquez, who is also Chairman of Iberia’s owner IAG. Air Nostrum is independent.
Iberia said the new subsidiary was created with the aim of “competing effectively” in the domestic market in Spain “as well as in Europe” and that it would not affect their partnership agreements with Vueling and the independent airline Air Nostrum. www.iberia.com
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum