Iberia Express launched operations from Madrid on 25-Mar-2012 with four routes, increasing to 17 routes in the summer 2012 schedule. The LCC plans to operate 14 A320 aircraft and employ 500 employees by the end of 2012. Iberia Express' summer schedule will include services from Madrid to Palma de Majorca, Alicante, Malaga, Seville, Vigo, Santiago de Compostela, Granada, Minorca, Ibiza, Fuerteventura, Lanzarote, La Palma, Dublin, Naples, Mikonos, Riga and Amsterdam. The airline is a unit of Iberia, designed to restore profitability for the Iberia Group on its short and medium-haul routes. [more - original PR]
Iberia: "Iberia Express will be a success story that adds value to the Iberia Group. It will restore profitability to short- and medium-haul routes, add new destinations and connections, and feed traffic to the long-haul network where Iberia is focusing its growth strategy," Rafael Sánchez-Lozano, CEO. Source: Company statement, 23-Mar-2012.
Iberia Express: "Iberia Express will have the best of Iberia and new attributes associated with the ‘express’ concept. The containment of costs will allow Iberia Express to grow and compete with the low-cost operators," Luis Gallego, CEO. Source: Company statement, 23-Mar-2012.