Spain

Tag Archives for Spain.

Spanish Shakeup for IAG

IAG CEO Willie Walsh has thrown down a challenge following  nine months of losses at Iberia and a 25% fall in third quarter profit for the group. This week he said:  “We want Iberia to be strong and successful. For too long the narrow self-interest of the few has damaged the long-term future for the many. We will not hesitate to take necessary steps to protect the interests of our shareholders.” It looks like Iberia is going through the same medicine that British Airways went through two years ago.  The immediate changes are: Iberia capacity will be…

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Spanair no more

The end came quickly for Spanair and her people.- very quickly.   History Established in 1986 as a charter airline by Scandinavian airlines with a Spanish travel company, Spanair began scheduled international flights in 1991 followed by Spanish domestic flights in 1994.  Membership of Star Alliance came in 2003. Skytrax rated them a 3 star airline.   Spanair struggled to make money and in June, 2007, SAS announced it would sell most of its 94 per cent shareholding.  SAS failed to find a buyer, however,  and finally sold 83.1 per cent for a euro to the government of the Catalonia region in Spain in January, 2009. This region gave the…

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