International Consolidated Airlns Grp SA

International Consolidated Airlines Group has agreed to buy Spanish carrier Air Europa for 500 million euros ($612.55 million) with payment to be deferred until 2026, news website El Confidencial reported on Friday, citing unnamed sources.

International Consolidated Airlines Group (IAG) and its Spanish unit Iberia will hold board meetings this week to decide whether to go ahead with the acquisition of Spanish carrier Air Europa, Spanish news website ElConfidencial said on Tuesday.

International Consolidated Airlines Group <ICAG.L> has managed to cut the purchase price for Spanish carrier Air Europa to 300-400 million euros ($355-$474 million), news website El Confidencial reported on Tuesday citing unidentified sources.

British Airways-owner International Airlines Group <ICAG.L> said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline's finances at a time when it is burning through cash.

British Airways owner International Airlines Group on Friday said it had signed a multi-year renewal agreement with American Express, extending its worldwide commercial partnership with the payments company.

International Consolidated Airlines Group's (IAG) Spanish airlines Iberia and Vueling have secured 1 billion euros ($1.1 billion) of government-backed loans to cope with the fallout from the coronavirus pandemic, IAG <ICAG.L> said on Friday.

British Airways-owner IAG <ICAG.L> reported on Tuesday a big loss in the first quarter and warned it may cut up to 12,000 jobs in sweeping restructuring measures aimed at weathering the crisis inflicted on the airline industry from the coronavirus.

The Spanish government is considering granting soft loans to flagship airline Iberia, a unit of London-listed International Consolidated Airlines Group <ICAG.L>, newspaper El Pais reported on Tuesday.

International Consolidated Airlines Group SA:

Spanish airline Air Nostrum, Iberia's regional franchise airline, has become the second foreign airline to seek permission to operate domestic flights in Brazil, civil aviation regulator ANAC said on Friday.

(This Feb. 5 corrects story to remove erroneous reference to non-British Airways IAG airlines not flying to China in paragraph five)

The chief executive of International Airlines Group (IAG) said he believes the overall impact of coronavirus on global air travel demand will be marginal.

The chief executive of International Airlines Group (IAG) said he believes the overall impact of coronavirus on global air travel demand will be marginal.

The airline industry is "without question" healthy enough to absorb a significant downturn in China's economy, said Willie Walsh, chief executive of International Airlines Group, which owns British Airways.

Spanish trade union UGT has called on ground staff for International Airlines Group's Iberia at Madrid's Barajas airport to go on strike at the end of August.

British Airways, part of International Airlines Group <ICAG.L>, will resume flights to Cairo following a week-long suspension over security concerns, the airline said on Friday.

British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO).

British Airways owner IAG <ICAG.L> said on Thursday it would not make a new bid for Norwegian Air <NWC.OL> and would sell its remaining stake in the budget airline, sending Norwegian's shares sharply lower.

British Airways owner IAG won't make a bid for Norwegian Air Shuttle, the airlines group said on Thursday, and will sell its remaining stake in the company.