Iberia (airline)
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| Founded | 28 June 1927 | |||
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| Hubs | Madrid-Barajas Airport | |||
| Focus cities | Barcelona El Prat Airport | |||
| Frequent-flyer program | Iberia Plus | |||
| Member lounge | Sala VIP | |||
| Alliance | Oneworld | |||
| Subsidiaries |
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| Fleet size | 116 | |||
| Destinations | 120 | |||
| Company slogan | Con Iberia, eres más (With Iberia, you're more) |
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| Parent company | International Airlines Group | |||
| Headquarters | Velázquez, 130, Madrid, Spain[1] | |||
| Key people | Antonio Vázquez CEO | |||
| Website | www.iberia.com | |||
Iberia Líneas Aéreas de España, S.A. (BMAD: IBLA) is the flag carrier airline of Spain. Based in Madrid,[2] it operates an international network of services. Its main bases are Madrid-Barajas Airport and Barcelona El Prat Airport.[3] In 2008 the airline reported a net profit of €32 million (€327.6 million in 2007, €56.7 million in 2006, €395 million in 2005) – its 13th consecutive year of profits. Iberia transported 27,799,000 passengers in 2006 (27,675,000 in 2005).[4]
Iberia Airlines, with Iberia Regional (operated by an independent carrier Air Nostrum), is a part of Iberia Group. In addition to transporting passengers and freight, Iberia Group carries out related activities, such as aircraft maintenance, handling in airports, IT systems and in-flight catering. Iberia Group airlines fly to over 102 destinations in 39 countries. Via code-sharing arrangements with other companies, it offers flights to another 90 destinations.[3]
On 12 November 2009, Iberia Airlines confirmed that it had reached a preliminary agreement to merge with British Airways. The merger between the two carriers will create the world's third-largest airline in terms of revenue.[5] On 8 April 2010, it was confirmed that British Airways and Iberia had signed an agreement to merge,[6] making the combined operation the third largest commercial airline in the world by revenue.[7] The newly merged company will be known as International Airlines Group, although both airlines will continue to operate under their current brands.[6]
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History
Iberia, Compañía Aérea de Transportes was incorporated on 28 June 1927 with a capital investment by the financier Horacio Echeberrieta and Lufthansa of 1.1 million pesetas. Flight operations started on 14 December 1927. Within a year, the company was sponsored by the Spanish government to provide postal transport between Madrid and Barcelona. During the dictatorship of Miguel Primo de Rivera, the aviation companies in Spain were combined and became state-controlled as a general interest public utility, coming into effect in early 1928. As a consequence, Iberia was merged into Compañía de Líneas Aéreas Subvencionadas S.A. (C.L.A.S.S.A.) and ceased activities on 29 May 1929. The name "Iberia" continued to be registered by Director-General Daniel de Araoz y Aréjula. As the name "Iberia" was still registered, it was used when operations began in nationalist-held territory towards the end of the Spanish Civil War. Following the Civil War, it became a purely domestic airline.
The airline was nationalised on 30 September 1944 and became part of INI. In 1946, it was the first airline to fly between Europe and South America after WWII, using a Douglas DC-4 flying from Madrid to Buenos Aires.[3] By the Pact of Madrid in 1953, visa requirements were eliminated for US visitors to Spain. This stimulated the start of transatlantic flights between Spain and United States the following year. In addition, the amendments made in Montreal to the Convention on International Civil Aviation on 14 June 1954 were liberal to Spain, allowing mass tourism using charter planes.
By the time of its 50th anniversary in 1981, the Boeing 747 airline carried over 10 million passengers in a year for the first time. In the late 1980s/early 1990s, Iberia also began to build up interests in other Spanish airlines – Aviaco, Viva Air, Binter Canarias and Binter Mediterraneo and Latin American airlines – Aerolíneas Argentinas, Viasa and Ladeco. .
During 2001 Iberia was privatised and shares were listed on stock exchanges. By 2002, when Iberia celebrated its 75th anniversary, nearly 500 million people had flown with them.
On 5 February 2006 the new Terminal 4 at Madrid Barajas was given over to Iberia and the Oneworld alliance members. This provided much-needed expansion capabilities for Iberia. Iberia is responsible for around 60% of the airport's traffic. In 2005 the airline and its regional branch Air Nostrum transported 21,619,041 passengers to/from Barajas.
Ownership
On 3 April 2001, Iberia was privatised and included in the IBEX-35 stock index of the Madrid stock exchange. The core shareholders are: Caja Madrid– 23.45%, British Airways 13.2%, SEPI– 5.20%, El Corte Inglés– 2.90%.[8] British Airways has raised its stake in Iberia by purchasing American Airlines' remaining shares, reportedly paying £13m for the small shareholding. This increases the total stake in Iberia to around 10% and preserves its two seats on the Iberia board.[9] British Airways also has first right to purchase another 32% of Iberia's shares. Consequently any takeover of Iberia would require the approval of British Airways.
British Airways cannot acquire more than 49% of Iberia as bilateral air services agreements between Spain and non-EU countries require Iberia to remain in overall Spanish ownership (at least 51%) if the airline is to retain its rights to fly to these countries from Spain. While the new EU-US Open Skies deal on air services removes this requirement on all flights between the EU and US by EU airlines, this is not the case for the lucrative Latin American market on which Iberia relies for the majority of its profits.
On 29 July 2008, British Airways and Iberia confirmed they are in merger talks and on 12 November 2009, they confirmed that they had reached a deal. The merger was approved by European regulators in July 2010.[10] Iberia will hold 45% of the newly formed company.
Iberia has 24,348 employees (at March 2007).[3]
Subsidiaries and alliances
Iberia has a 45.85% stake in low-cost carrier Vueling, which is based in Barcelona and a 0.95% share in Royal Air Maroc.[3]
Iberia is allied with American Airlines, Qantas, Avianca, British Airways, PLUNA of Uruguay and Grupo TACA, and on 1 September 1999, the company joined the Oneworld alliance. British Airways owns 55% of its share capital.
Iberia has a codeshare agreement with several Oneworld members: Cathay Pacific on flights from Amsterdam and London Heathrow to Hong Kong, Japan Airlines on flights from Amsterdam to Tokyo Narita and Royal Jordanian from Madrid to Amman.
Vueling Airlines and Clickair, have merged together and will be integrated into Iberia Airlines.[11]
Services
In 2005, Iberia introduced its new Business Plus Class on its Airbus A340 aircraft.
In March 2009 Iberia announced that during the course of 2009–2011 it would renovate its economy class on all its planes as well as designing a new business class for its long haul planes.
In addition, Iberia is an aircraft maintenance company , servicing its fleet and those of another 48 companies, including some leading European airlines. Iberia is a supplier of aircraft handling services at all Spanish airports; its airline clients number more than 200.
Iberia was a founding partner in the computerised air ticket reservation system, Amadeus, with an 18.28% stake – this was sold in 2005. Iberia is also active as a tour operator through its Viva Tours and Tiempo Libre units, and with Cacesa, it supplies parcel shipment services.
Iberia Airlines makes use of e-tickets and encourages customers to print the boarding pass prior to their flight. Travellers with only carry-on baggage can go directly to the boarding gate. e-tickets sales accounted for 93% of all Iberia tickets sold in January 2006. In Spain identification of the traveller by means of an identity document or passport is mandatory for all airlines on all routes, including Spanish domestic ones.
Destinations
Iberia has codeshare agreements with the following airlines:
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Catering
Gate Gourmet provides Iberia's in-flight catering. Economy class passengers traveling within western Europe have a buy on board food program called "Tu Menú."[12]
Fleet
The Iberia fleet consists of the following aircraft as of 28 July 2010:[13]
| Aircraft | Total | Orders | Passengers (Business/Economy) |
|---|---|---|---|
| Airbus A319-100 | 23 | 0 | 132 (0/132) |
| Airbus A320-200 | 39 | 0 | 153 (0/153) |
| Airbus A321-200 | 19 | 0 | 200 (46/154) |
| Airbus A340-300 | 18 | 0 | 254 (36/218) |
| Airbus A340-600 | 17 | 0 | 342 (42/300) |
| Total | 116 | 0 |
In January 2010, the average age of the Iberia fleet was 7.5 years.[14]
Iberia's livery is a Eurowhite scheme, composed of primarily white with orange and yellow accents.
Iberia's financial director Enrique Dupuy has said that the Airbus A380 aircraft could benefit Iberia's higher density routes such as Buenos Aires, Miami, Mexico City, Santiago de Chile, and Bogotá. Alternatively however, Iberia has also left the door open for Boeing. Having already handled the Boeing 747, Iberia is also considering the newer 747-8 version for a similar purpose. If the plan goes smoothly, Iberia will have a fleet of 10–12 Airbus A380s or Boeing 747-8s before 2014.[15]
Incidents and accidents
On 9 November 2007 an Iberia A340-600 was badly damaged after sliding off the runway at Mariscal Sucre International Airport. No injuries were reported. According to Airbus, the aircraft was written-off.[16]
On 31 July 2008 an Iberia McDonnell Douglas MD-88, on flight IB3575 from Vienna to Madrid with 126 passengers and 6 crew, made an emergency landing after a burst tire was ingested by the engine. No injuries were reported.[17]
References
- ↑ "Airline Membership". IATA. http://www.iata.org/membership/Pages/airline_members_list.aspx?All=true.
- ↑ "Legal notice." Iberia. Retrieved on 25 February 2010.
- ↑ 3.0 3.1 3.2 3.3 3.4 "Directory: World Airlines". Flight International: pp. 91–92. 2007-04-0s3.
- ↑ Financial Statements and Management Reports 2006
- ↑ Tracy Rucinski and Rhys Jones (12 November 2009). "British Airways, Iberia agree to US$7B merger". http://www.financialpost.com/markets/news-releases/story.html?id=2216118.
- ↑ 6.0 6.1 "British Airways and Iberia sign merger agreement". BBC News. 2010-04-08. http://news.bbc.co.uk/1/hi/business/8608667.stm. Retrieved 8 April 2010.
- ↑ "BA seals long-awaited Iberia deal". Reuters UK. 2010-04-08. http://uk.reuters.com/article/idUKLDE63707M20100408. Retrieved 8 April 2010.
- ↑ Participaciones significativas del Grupo Iberia http://grupo.iberia.es/portal/site/grupoiberia/menuitem.5dcd178a7f0a73be19736c10d21061ca/
- ↑ Airliner World January 2007
- ↑ "BA and Iberia secure European approval for merger". Flight Global. 2010. http://www.flightglobal.com/articles/2010/07/14/344405/ba-and-iberia-secure-european-approval-for-merger.html. Retrieved 2010-07-18.
- ↑ http://www.flightglobal.com/articles/2009/01/09/320899/iberia-clickair-vueling-surrender-slots-for-merger-approval.html
- ↑ "Tu Menú." Iberia Airlines. Accessed October 11, 2008.
- ↑ Iberian Airlines website, fleet listing
- ↑ Iberia Fleet Age
- ↑ [1]
- ↑ Iberia A340-600 badly damaged after sliding off Quito runway
- ↑ http://avherald.com/h?article=40a7b382 Incident: Iberia MD88 at Vienna on Jul 31st 2008, burst tyre, engine failure, gear unsafe indication
External links
- Official website
- Iberia Airlines on YouTube
- BA and Iberia agree merger deal on BBC
- Iberia Airlines on Twitter
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