The BBC has reported that Aer Lingus will be taken over by International Airlines Group (IAG), the parent company of British Airways and Iberia Airlines. According to several news sources, IAG pitched its latest proposal at €2.50 a share, valuing Aer Lingus at about €1.3 billion (approx. US$1.5 billion). The Irish Government owns a 25.1 per cent stake in Aer Lingus, while Ryanair owns 29.9 per cent. If the board accepts the bid the government will have to … [Read more...] about Aer Lingus to accept takeover bid from IAG
British Airways
IAG Cargo relaunches London-KL service
Starting 27 May 2015, IAG Cargo will offer its full range of cargo services on the new British Airways passenger flights operating between London Heathrow and Kuala Lumpur. Through these services, IAG Cargo will support businesses in the region by opening up trade routes to more than 350 destinations on its global network. Kuala Lumpur is one of the world's busiest freight destinations and an important market for goods including integrated circuits, chemicals and machinery parts. In terms of … [Read more...] about IAG Cargo relaunches London-KL service
Price-fixing investigation spreads to SA
South Africa's Competition Commission has referred eight air cargo carriers to the Competition Tribunal for alleged collusive behaviour that took place over a ten-year period, from 1996 to 2006. The companies face allegations of fixing the price of the fuel surcharges and include: British Airways, South African Airways Cargo, Air France Cargo-KLM Cargo, Alitalia Cargo, Cargolux International, Singapore Airlines, Martinair Cargo and Lufthansa Cargo. Further, Lufthansa, Cargolux, Air France, and … [Read more...] about Price-fixing investigation spreads to SA
British Airways seeks to spread blame in UK cartel case
British Airways has asked a UK court to add Air France-KLM Group, Cathay Pacific Airways and 30 other carriers as defendants in a court case over a price- fixing cartel for air cargo services. British Airways made the request in the High Court in London to defend itself against a class action suit being pursued by two flower importers who are suing the airline. British Airways in 2007 pleaded guilty in the US to plotting to set extra charges on passenger and cargo flights and was fined US$300 … [Read more...] about British Airways seeks to spread blame in UK cartel case
EC gives go-ahead for BA-Iberia merger
The European Commission (EC) has given its blessing to the proposed merger between British Airways and Iberia of Spain, both active in passenger and cargo transport and related services. "The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it," the EC said. … [Read more...] about EC gives go-ahead for BA-Iberia merger
Kingfisher to join Oneworld alliance
India's Kingfisher Airlines, is set to join Oneworld with British Airways supporting Kingfisher through its alliance implementation programme, as its sponsor. Kingfisher is expected to start flying as part of Oneworld during 2011. … [Read more...] about Kingfisher to join Oneworld alliance
