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BA-Owner IAG Not Planning to Tap Investors for Funds - Sunday Times

(Reuters) - British Airways owner IAG is not planning to raise billions of euros from shareholders to get the company through the extended COVID-19...
Tags: Iag, Reuters British Airways, COVID, Tap Investors for Funds Sunday Times


American has been building an team of airline partners to fill the gaps in its network, even if it means aligning with budget carriers and startups

American Airlines is expanding its international presence with new airline partners. Mike Blake / Reuters American Airlines is taking on new airline partners to rebuild its global route network. South America is of particular importance as American recently lost its larger partner in the region. In the US, Alaska Airlines and JetBlue Airways help American expand its presence on both coasts. See more stories on Insider's business page. American Airlines is planning to get by with a lit...
Tags: Travel, Transportation, New York, News, Air Travel, Boston, Air Canada, Planes, US, America, Trends, Spain, Chicago, Colombia, Flying, Canada


Global stocks edge higher as investors eye a steady drop in COVID-19 cases worldwide and ignore China's economic slowdown

Spencer Platt/Getty Images Global stocks rose on Tuesday as investors chose to focus on the slowing rate of coronavirus cases worldwide. The key highlight for markets this week is the Labor Department's August jobs report on Friday. China reduced online video game time for people under 18 to three hours each week. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Global stocks rose on Tuesday as investors chose to focus on the growth rate in new coronavirus cas...
Tags: Asia, Hong Kong, Europe, London, France, China, Nikkei, US, Trends, Eu, Opec, Tencent, Ubs, Deutsche Bank, Tokyo, Federal Reserve


British Airways owner IAG to ramp up flights

IAG, which also owns Iberia, says it plans to run at 75% of its 2019 passenger capacity by the end of the year.
Tags: News, Iag, British Airways, Iberia


BA-Owner IAG More Cautious on Recovery Than Competitors

By Sarah YoungLONDON (Reuters) -British Airways-owner IAG said summer capacity would rise to 45% of pre-pandemic levels, a more cautious bet than...
Tags: Iag, Reuters British Airways, Sarah YoungLONDON


#Qatar Air May Stop Taking Airbus Deliveries Over Mystery Spat - Bloomberg video

Qatar Air May Stop Taking Airbus Deliveries Over Mystery Spat - Bloomberg Qatar Airways Chief Executive Officer Akbar Al Baker lashed out at Airbus SE for the second time this month, warning his airline might stop taking deliveries from the planemaker this year over an unspecified “serious” issue.“We have an issue with Airbus we need to settle, and if we are not able to settle that serious issue we have with them, we will refuse to take any aircraft from them,” he said in an interview with B...
Tags: Travel, San Francisco, Qatar, Bloomberg, Airbus, Seattle, Iag, Akbar Al Baker, Rupert Neil Bumfrey, al Baker, Blagnac France, Bloomberg Qatar Airways, Qatar Airways Al Baker


IAG's Gallego Hopes North Atlantic Air Corridor Open Late June, Early July

MADRID (Reuters) - The CEO of British Airways-owner IAG Luis Gallego said on Wednesday he hoped the North Atlantic corridor for air travel would be...
Tags: Madrid, Iag, North Atlantic, British Airways, Reuters, Gallego, IAG Luis Gallego


Iberia Expects July Flight Traffic to Hit 60% of 2019 Level

By Clara-Laeila LaudetteMADRID (Reuters) - Iberia, the Spanish arm of IAG airline group, expects its monthly flights to reach 60% of 2019 levels by...
Tags: Iag, Iberia, Clara Laeila, Reuters Iberia


British Airways Owner IAG Boosts Liquidity With 825 Million Euro Convertible Bond

LONDON (Reuters) - British Airways-owner IAG said on Tuesday it would raise 825 million euros ($1 billion) from a convertible bond, the group's...
Tags: London, Iag, British Airways, Reuters British Airways


British Airways owner IAG calls for action to restart flights

The airline group says there is a "high level" of pent-up demand from passengers.
Tags: Business, Iag, British Airways


British Airways-Owner IAG Cautious on Short Term Flying Recovery

By Sarah YoungLONDON (Reuters) -British Airways-owner IAG on Friday forecast only a minimal pick-up in capacity to 25% for the April to June...
Tags: Iag, British Airways, Reuters British Airways, Sarah YoungLONDON


British Airways Owner IAG Expects Travel Recovery From July

By Sarah YoungLONDON (Reuters) -British Airways owner IAG is confident travel will recover from July onwards after forecasting only a minimal...
Tags: Iag, Reuters British Airways, Sarah YoungLONDON, British Airways Owner IAG


651 Ingenuity Flies on Mars

Ingenuity becomes the first aircraft to make a powered, controlled flight on another planet. Also, green aviation initiatives from IAG, Southwest Airlines, and Universal Hydrogen; the F-15EX gets a new name; a museum reopens and a major GA event is canceled; a recap of the 2021 Sun ‘n Fun Aerospace Expo; and a Lego story. Aviation News Ingenuity Becomes the First aircraft to Fly on Another Planet The NASA solar-powered Ingenuity Mars helicopter has become “the first aircraft in hist...
Tags: US, Nasa, Aviation, Mars, Air Force, Iag, Helicopter, Velocys, Southwest, Nrel, Alan Shepard, International Civil Aviation Organization ICAO, Eglin Air Force Base, F-15, Udvar Hazy Center, International Airlines Group IAG


Heathrow Plan to Raise $3.8 Billion Challenged, Telegraph Says - Bloomberg

Heathrow Plan to Raise $3.8 Billion Challenged, Telegraph Says - BloombergLondon’s Heathrow faces opposition from some board members to its plan to raise 2.8 billion pounds ($3.8 billion) from airlines and customers by increasing airport prices, the Telegraph newspaper reported.State-backed Qatar Airways, whose owner is also Heathrow’s second-biggest shareholder, said the plan is “unreasonable, not in the consumer interest and should be rejected,” according to the report. The airline’s top execu...
Tags: Travel, Qatar, Bloomberg, Heathrow, Telegraph, Iag, British Airways, Willie Walsh, Civil Aviation Authority, State, Qatar Airways, Akbar Al Baker, International Air Transport Association, Rupert Neil Bumfrey, BloombergLondon, IAG SA IATA


IAG Secures $1.76 Billion in Credit to Bolster Finances of Its COVID-Hit Airlines

(Reuters) - British Airways owner IAG said on Tuesday it had secured a $1.76 billion credit facility from a group of banks that would be available...
Tags: Iag, Reuters British Airways, Hit Airlines


British Airways-Owner IAG to Raise $1.2 Billion Survival Bond

By Sarah Young and Abhinav RamnarayanLONDON (Reuters) - British Airways-owner IAG plans to raise about 1 billion euros ($1.2 billion) through a...
Tags: Iag, Sarah Young, British Airways Owner IAG, Abhinav RamnarayanLONDON Reuters British Airways


Greensill - who is holding the bag - part two

 Insurance Australia Group reacted to my last  post by stating that they carried no net risk. It was all reinsured to Tokio Marine (the big Japanese insurer).Here is their statement in full:In response to market enquiries relating to Greensill exposure, IAG clarifies it has no net insurance exposure to trade credit policies including those sold through BCC to Greensill entities.  IAG sold its 50% interest in BCC on 9 April 2019 to Tokio Marine Management (Australasia) Pty Ltd with the result of ...
Tags: Business, Australia, Credit Suisse, John, Iag, Financial Times, Bcc, Japan Australia, Insurance Australia Group, John Hempton, NMC Health, Greensill, Tokio Marine, IAL, Tokio Marine Management Australasia Pty Ltd, Insurance Australia Limited IAL


Airline losses from hedging against oil price fluctuations amount to over $4.7 billion

Air France was less affected, with a loss of roughly $708 million as it relied less on fuel hedging. Getty Images / Isabelle Chauvel / Contributor Four European airlines have lost over $4 billion to fuel hedging in 2020, La Información reported. Protecting themselves against oil price fluctuations failed due to COVID-19, with IAG most affected. The International Air Travel Association's said 2020-21 had been the worst year in aviation history. Visit the Business section of Insider for ...
Tags: France, Trends, Delta Airlines, Ryanair, Iag, Lufthansa, Air France, IATA, Europa Press, Alexandre de Juniac, International Air Travel Association, Isabelle Chauvel, La Información, International Air Travel Association IATA, Lufthansa IAG Ryanair, Andrea Gómez Bobillo Jeevan Ravindran


Greensill - who is holding the bag?

There has been much fabulous reporting in the lead-up to the collapse of Greensill, the eponymously named Australian domiciled but London headquartered supply chain financier. But if you want guidance start with anything by Duncan Mavin (from the Wall Street Journal) or Robert Smith sometimes with Olaf Storbeck (at the Financial Times).The excellent work of these journalists is now on the front page above the fold. It is not everyday a globally significant financial institution fails, and it is ...
Tags: Business, Japan, London, Australia, Aig, Credit Suisse, Queensland, Sydney, Fund, US Treasury, John, Iag, Wall Street Journal, Financial Times, Lex, Bcc


IBEX 35 companies lose more than 9 billion euros in 2020, tourism and banking are the worst affected sectors

This is an automated machine translation of an article published by Business Insider in a different language. Machine translations can generate errors or inaccuracies; we will continue the work to improve these translations. You can find the original version here.The companies that make up the IBEX 35 have closed 2020 with losses of around 9,000 million euros due to the consequences of the pandemic caused by COVID-19, an amount that can be explained by the almost total economic paralysis during ...
Tags: Trends, Spain, Santander, Iag, Amancio Ortega, Inditex, Banco Santander, Ibex, State, Repsol, Agencia EFE, Europa Press, AENA, BI International, Red Electrica, Luis Gallego


10 things you need to know before the opening bell

Spencer Platt Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Sign up for Insider Investing for your weekly markets analysis.Here's what you need to know before markets open.1. Global stocks drop as 10-year Treasury yields pierce 1.5% for the first time since the pandemic. Asian stocks plunged overnight as markets continued to digest the rise in yields.2. Bitcoin slides as much as 11% to below $45,000 as the currency heads for its wo...
Tags: Elon Musk, Global, US, Trends, Bitcoin, Reddit, Treasury, SEC, Iag, British Airways, Gamestop, Liberty Broadband, Harry Robertson, Luke Lloyd, Cathie Wood, Grayscale Bitcoin Trust


British Airways owner IAG calls for digital health passes

IAG, which owns British Airways and Iberia, makes a record loss after the pandemic grounds flights.
Tags: Business, Iag, British Airways, Iberia


Pandemic Pushes BA-Owner IAG to Record $9 Billion Loss

By Sarah YoungLONDON (Reuters) - British Airways-owner IAG plunged to a record 7.43 billion euro ($9 billion) loss last year as pandemic travel...
Tags: Iag, Reuters British Airways, Sarah YoungLONDON


BA-Owner Calls for COVID Health Passes After Record $9 Billion Loss

By Sarah YoungLONDON (Reuters) - British Airways-owner IAG is counting on digital health passes to help spur a travel recovery this summer, after...
Tags: Ba, Iag, Reuters British Airways, Sarah YoungLONDON


Pandemic Pushes BA-Owner IAG to a 4.4 Billion Euro Loss in 2020

LONDON (Reuters) - British Airways-owner IAG posted a loss of 4.37 billion euros ($5.31 billion) for 2020 after a year of minimal flying and...
Tags: London, Iag, Reuters British Airways


US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again

US tech stocks tumbled on Wall Street on Monday John Minchillo/AP US futures fell on Tuesday morning after stocks tumbled on Monday, with tech firms down again.Rising bond yields have caused investors to second-guess the recent equities rally.Bitcoin plunged again to around $48,000 after rising past $58,000 the previous week.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The drop in US technology stocks looked set to resume on Tuesday morning, with Nasdaq 100 and S...
Tags: Apple, Amazon, Asia, Hong Kong, Europe, Japan, UK, London, Congress, Wall Street, China, US, Trends, US Treasury, Wti, Easyjet


British Airways Owner IAG Says Pensions Deal, Loan Help Boosts Liquidity

By Sarah YoungLONDON (Reuters) - British Airways-owner IAG said on Monday it had raised total liquidity by 2.45 billion pounds ($3.4 billion) by...
Tags: Iag, Reuters British Airways, Sarah YoungLONDON


British Airways-Owner IAG Boosts Liquidity by 2.45 Billion Pounds

LONDON (Reuters) - British Airways-owner IAG said it raised total liquidity by 2.45 billion pounds ($3.4 billion), reaching final agreement for a 2...
Tags: London, Iag, British Airways, Reuters British Airways


Iberia and Airbus ask for European funds to boost the aeronautics sector with 11 billion over the next 6 years

This is an automated machine translation of an article published by Business Insider in a different language. Machine translations can generate errors or inaccuracies; we will continue the work to improve these translations. You can find the original version here.IAG's airline Iberia and the European aircraft manufacturer Airbus have requested European funds to boost the aeronautical sector in Spain with 11,000 million in the next 6 years, between 2021 and 2026, a project that would entail the c...
Tags: Asia, Europe, Florida, Trends, Spain, Airbus, Madrid, Iag, Latin America, Iberia, Renfe, Adif, Ferrovial, AENA, BI International, Ministry of Industry


Global stocks plunge despite a historic $900 billion US stimulus package deal as threat of new virus strain in the UK casts gloom

REUTERS/Brendan McDermid Global stocks sank on Monday despite US lawmakers agreeing to a $900 billion stimulus deal, as investors eyed the threat of a new COVID-19 mutation in the UK.The federal assistance package includes $600 in stimulus checks and $300 in unemployment aid for every individual, both of which are half the $1,200 amount approved by Congress and President Trump earlier this year.Britain has been forced into a harsh lockdown right before the holidays, casting a gloomy outloo...
Tags: Hong Kong, Japan, UK, Congress, China, Germany, Global, US, Trends, Britain, Ubs, Brent Crude, Donald Trump, Iag, Carnival, British Airways