19-Jan-2011 11:51 AM

Iberia to focus on long-haul expansion; IAG targetting acquisitions

Iberia Chairman and CEO Antonio Vazquez stated the carrier would focus on expanding its long-haul routes but is still targetting acquisitions upon its merger with British Airways (Dow Jones, 18-Jan-2011). He added that Iberia plans to expand significantly its long haul network, with its short and medium-haul network supporting that strategy. The carrier also plans to expand into new markets.  Around 70% of its long-haul network is transit traffic. Mr Vazquez added that he invites airlines to consolidate with International Consolidated Airlines Group created by the merger with British Airways. The airline has signed-off on restructuring agreements with all segments of staff except pilots and will change its business model if an agreement can not be reached. This could include creating a new framework or an entirely new company, according to Mr Vazquez. 

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More