Iberia Express to be created

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

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