Iberia : IB : IBE

BA and Iberia sign formal merger agreement

Oneworld carriers [Vous devez être inscrit et connecté pour voir ce lien] and Iberia have signed their formal merger agreement, following the tentative pact they forged last November.
The merger will create a new holding company, International Airlines Group, under which both carriers will retain their operations and brands.
BA and Iberia state that they expect the merger to be completed late this year.
The terms of the agreement are "consistent" with November's binding memorandum of understanding.
BA says the new group will operate a combined fleet of 408 aircraft, covering more than 200 destinations and transporting over 58 million passengers per year.
"It has been structured so that it can take advantage of further consolidation in the global aviation industry," it adds.

Richard Branson, le fondateur du groupe Virgin et notamment de la compagnie aérienne Virgin Atlantic, a estimé lundi que la Commission européenne avait une approche "paresseuse" du rapprochement entre British Airways, American Airlines et Iberia, qu'il estime être une fusion pure et simple.

2010 AFP

• A la compañía Iberia,
  para la operación con Argentina, Brasil, El Salvador,]Guatemala, Méjico, Perú y Panamá.
  
• A la compañía Air Europa,
  para la operación con Argentina, Méjico y Perú.
  
• A la compañía Iberworld,
  para la operación con Cuba, Méjico y República Dominicana.
  

Spain's Iberia ([Vous devez être inscrit et connecté pour voir ce lien]) has exercised an option to buy five planes and sold them to British Airways ([Vous devez être inscrit et connecté pour voir ce lien]), a spokeswoman for the Spanish flag carrier said, in a sign that the merger partners are moving ever closer.
Iberia's shares were up as much as 2 percent on Friday, before flattening out, against an IBEX-35 index down 2.8 percent at 1143 GMT.
"The two had said that this was one of the areas where they could generate synergies," an analyst in Spain said.
BA and Iberia are hoping for around 400 million euros of annual synergies from their tie-up, which is due to be completed by the end of the year [ID:nLDE63707M].
A report in Spain's Expansion newspaper said the five Airbus A320 planes had a catalogue value of about 300 million dollars.
The planes originally formed part of Iberia's biggest ever fleet renovation deal, signed in 2005 with Airbus EADS.PA for 30 acquisitions and 49 options on aircraft for delivery to 2011.
British Airways declined to comment.

Five [Vous devez être inscrit et connecté pour voir ce lien] A320s firmed as an order by Spanish flag-carrier Iberia last month after actually destined to be delivered to merger partner [Vous devez être inscrit et connecté pour voir ce lien].

The [Vous devez être inscrit et connecté pour voir ce lien] order, concluded on 3 May, was listed in Airbus' latest backlog figures, covering the first five months of 2010.
While it is attributed to Iberia, a spokeswoman for the airline states that the twin-jets have been ordered on BA's behalf.

"These aircraft were part of an Iberia option from 2005," she says. "We've bought them for BA."
Iberia ordered 30 A320-family jets in 2005 and placed options for another 49.

BA declines to comment on the transaction.

The UK airline's A320-family fleet is primarily powered by International Aero Engines V2500s while Iberia's aircraft mainly have CFM International [Vous devez être inscrit et connecté pour voir ce lien] powerplants.

Iberia says it has yet to decide whether the aircraft will be transferred to BA through a sale, lease or other arrangement.

BA and Iberia are finalising a merger and last month estimated that current fleet commitments would account for 7% of the initial €250 million ($300 million) in cost synergies over the first five years of the tie-up.

Iberia Bolsters Long-Haul Network

To capitalize on traffic growth, Iberia is expanding operations to Latin America, but also is adding flights to the Middle East and some European destinations, strengthening both its long- and medium-haul operations.
Iberia says the network expansion announced June 11 is the largest single growth in city pairs in its history.
The Latin American market is already critical to Iberia and one of the big attractions for British Airways in its merger deal with the Spanish airline.
Cordoba in Argentina will be added to the network on Oct. 1, which Iberia says makes it the first European carrier to offer transatlantic operations there.
On the same day flights to San Salvador will commence (the flight from Madrid has a stopover in Guatemala, but not the return leg).
Later that month Madrid-Panama City operations will commence.
The latter two destinations will be operated using A340-300s.
Closer to home, Iberia will be using A319s to open routes to Amman, Jordan, on July 3 and Damascus, Syria, on July 13. The Jordan operation begins with two weekly return flights, while Syria is connected once per week.
On Sept. 16, twice weekly flights to Oran, Algeria, will commence, the second destination for Iberia in the North African country after Algiers.
Within Europe, St. Petersburg has this month already rejoined the network after falling off the previous winter season; Dubrovnik, Croatia, service will recommence on June 20 and flights to Zagreb will start July 3.

Iberia swings to second-quarter profit

Iberia Friday reported second-quarter net income of €31 million ($39.4 million), reversed from a loss of €73 million in the year-ago quarter, a turnaround the airline attributed to the recovery of international markets, cost control and increased productivity.
The airline estimated the disruption to air travel owing to the volcanic ash-related EU airspace closures in April and May cost it about €20 million in lost revenue. It cancelled 883 flights during the airspace closures.
Operating revenue rose 10.2% to €1.18 billion while expenses lowered 2% to €1.13 billion. Recurring EBIT was €3 million compared to negative €130 million last year.
Traffic dipped 0.7% to 12.6 billion RPKs on a 2.2% increase in capacity to 15.3 billion ASKs, producing a load factor of 82.5%, up 1.3 points. Yield lifted 7.7% to €0.065 cents as RASK climbed 9.4% to €0.054 cents.
IB, which is planning to finalize its merger with British Airways by the year's end ([Vous devez être inscrit et connecté pour voir ce lien]), said it posted a €20.9 million net loss for the first six months of 2010, an 87.4% improvement over a €165 million deficit last year.
IB said in a statement, "The recovery in income was due largely to stronger demand in international markets, and especially in business traffic, but also to heightened sales efforts by the company. However, the domestic market remained in the doldrums."

Gulf Air looks to BA alliance

The struggling Bahraini carrier Gulf Air is keen to join International Airlines Group, the new airline formed by the merger of British Airways (BA) and Spain’s Iberia.

The Bahraini airline has said it would “consider positively” any overture from the new company, which was to be headed by Willie Walsh, the chief executive of BA.


Mr Walsh said last week he had drawn up a list of 12 potential consolidation partners as he sought to chart a course to stability and profitability for BA, the embattled UK carrier that had fought competitors, high fuel prices, the global downturn and its own labour union in recent years.

None of the 12 airlines have been identified but many analysts pointed to east Asian and Latin American carriers as being at the top of Mr Walsh’s list.


But among the rumoured companies is the loss-making Gulf Air, which is looking to join an alliance to generate long-haul traffic as it cuts down its own network to focus more on the Middle East.

“Gulf Air has not been approached regarding this initiative. However, it is something the company would consider positively at the appropriate time,” a Gulf Air spokeswoman said.

“A central element of our long-term strategy is to join an alliance, and we are actively looking for a suitable partner to support Gulf Air’s business model and add value to the airline and vice versa.”

Iberia approuve le plan de redressement du régime retraite de BA

MADRID, 22 septembre (Reuters) - Iberia a approuvé mercredi le plan de British Airways visant à combler les milliards de livres de déficit de son régime de retraites, ce qui lève le dernier obstacle à la fusion entre les deux compagnies aériennes d'ici la fin de l'année.
La compagnie espagnole s'était réservée le droit de se retirer du projet de fusion qui devrait donner naissance au troisième transporteur mondial si elle n'était pas satisfaite de l'accord conclu en juin entre BA et les gestionnaires du fonds des retraites.
"Cette décision représente un nouveau pas en avant dans le processus de fusion", déclare Iberia dans un communiqué publié à l'issue d'une réunion de son conseil d'administration.
Le rapprochement entre BA et Iberia, qui a déjà reçu le feu vert de l'Union européenne, doit encore être approuvé par les actionnaires dont la décision est attendue en novembre.
Une fois l'opération finalisée, les actionnaires de British Airways détiendront 56% de la nouvelle entité qui sera baptisée International Airlines Group. Les actionnaires d'Iberia en possèderont 44%.[/color]

BA And Iberia Plan Big Joint Widebody Order

British Airways and its merger partner Iberia are preparing to begin advanced discussions with Airbus and Boeing early next year about a potentially huge joint order for widebody transports.
The two carriers, which recently launched their joint transatlantic business with Oneworld alliance partner American Airlines, should be formally united under the International Airlines Group umbrella by early next year. BA and Iberia both have a requirement for new large widebody twinjets from the second half of the decade, says BA Director-Strategy and Business Units Robert Boyle, who confirms that the merged airlines intend to place a joint order.
“We’re always talking to the manufacturers, but we’re now preparing to ramp up discussions in the new year about a joint order,” he says.
When BA signed its original order for 24 Boeing 787s and 12 Airbus A380s in 2007 to replace its 767-300ERs and part of its 747-400 fleet, respectively, it deferred its selection of a “big twin” 300-350-seat widebody to allow Airbus and Boeing to better define their offerings.
“We’re looking at the A350 and interested to see what Boeing can do with the 777. We’ve also got 787 options,” says Boyle.
Three years ago, BA’s requirement was to replace 37 of its 57 747-400s then in service and due for retirement around 2018. That fleet shrank slightly to 49 aircraft in the downturn as eight aircraft were parked, although BA is now reintroducing two. Iberia’s current long-haul widebody is the A340 quad, of which 36 are operated, including 19 -300s and 17 -600s.
BA and Iberia have identified annual cost savings of €400 million from year five of their merger through synergies, and this planned joint order could provide an important contribution to those efficiencies.

LONDRES, 21 jan 2011 (AFP)Un nouveau champion européen du transport aérien, International Airlines Group (IAG), est né vendredi de la fusion des compagnies britannique British Air
ways et espagnole Iberia, affichant d'emblée de grandes ambitions dans un secteur en perpétuelle recomposition.

2011 AFP

Lufthansa, Qatar Airways et le groupe IAG sont intéressés par la privatisation de la compagnie publique portugaise TAP, qui doit être lancée par le gouvernement dans les prochains mois, selon la presse portugaise lundi.

Newly formed International Airlines Group (IAG) - parent of [Vous devez être inscrit et connecté pour voir ce lien] and Iberia - is making the replacement of the Spanish carrier's [Vous devez être inscrit et connecté pour voir ce lien] A340s a priority ahead of a broader long-haul fleet-renewal exercise that will also encompass the needs of BA.

IAG chief executive Willie Walsh says that there is the opportunity to replace Iberia's A340s with more efficient aircraft that are already available, ahead of the introduction of new-generation types that are being evaluated for the wider requirement.
Both airlines have been looking at fleet renewal and growth options for their long-haul aircraft, and Walsh says that this will be co-ordinated by IAG, making use of its stronger buying power resulting from the merger. "The two airlines were always relevant to Airbus, [Vous devez être inscrit et connecté pour voir ce lien] and the engine manufacturers, but we've become much more relevant through the merger," he says.

Between them BA and Iberia operate more than 160 widebodies, but there is no commonality between the two fleets. Iberia has 36 A340s (19 -300s and 17 -600s) while BA flies a mix of 127 Boeings - 57 747-400s (including seven parked), 21 767-300ERs and 49 777s (46 -200/200ERs and three -300ERs). Iberia's [Vous devez être inscrit et connecté pour voir ce lien]-300s are between nine and 19 years old, whereas the -600s are relatively young, having been delivered between 2003 and 2010.
Walsh told Flight International sister publication Airline Business that the Spanish arm's needs would be addressed first: "In the short term our focus will be on the Iberia fleet-replacement programme, because there's a clear opportunity with existing aircraft to get significant cost savings, particularly with oil heading towards $100 a barrel," he said.
"There are discussions going on with Airbus and Boeing. With Iberia we have the option of a transitional fleet arrangement while waiting for the new-generation aircraft - 787s or A350s."
BA finalised the first part of its long-haul fleet replacement plan in 2007, ordering 24 Boeing 787s and 12 Airbus A380s to replace its 767-300ERs and part of its [Vous devez être inscrit et connecté pour voir ce lien] fleet, respectively. At that time it deferred its selection of a "big twin" 300- to 350-seat widebody to allow Airbus and Boeing to better define their offerings.
This requirement could now extend to cover Iberia's longer-term needs beyond the more pressing need for a "transitional" fleet deal. As well as the [Vous devez être inscrit et connecté pour voir ce lien] and [Vous devez être inscrit et connecté pour voir ce lien], IAG is also known to be interested in potential developments of the 777.

International Airlines Group, the merged entity comprising British Airways and Iberia, is scrapping two Boeing 747-400 aircraft.
It reveals the decision in its first financial statement since the tie-up was completed last month.
IAG says it is taking a charge of €19 million ($26 million) against the two aircraft in the quarter to 31 December.

In year covering 1 January to 31 December 2010 the carriers posted a combined operating profit of €225 million.
IAG's fourth-quarter operating profit would have been €196 million, it says, but for weather and air traffic control disruption - which reduced revenues by €71 million - and a number of non-recurring items, including the 747 charges.
These brought the quarterly operating profit down to just €6 million, although the figure was an improvement on the €114 million loss in 2009.

Jeannot a écrit:Selon un joiurnal espagnol Iberia commanderait 8 A330s et prendrait une option sur 8 appareils supplémentaires.

[Vous devez être inscrit et connecté pour voir ce lien]

Jeannot a écrit:Confirmation de la rumeur même si pour l'instant il s'agit d'un MoU pour 8+8 A330-300s

IAG signs MoU for eight A330-300s to be operated by Iberia

International Airlines Group has signed a memorandum of understanding with Airbus for eight A330-300s plus options on a further eight.
The aircraft will be used to replace subsidiary Iberia's A340 fleet, says an Iberia spokesman.
Deliveries are scheduled between this autumn and spring 2014.
IAG has yet to select an engine for the aircraft.
IAG chief executive Willie Walsh said last month that replacing Iberia's A340s would be a priority ahead of a broader long-haul fleet renewal programme that will also encompass the needs of British Airways.
BA and Iberia jointly operate more than 160 widebodies, with Iberia's fleet consisting of 18 A340-300s and 17 A340-600s and BA operating 57 Boeing 747-400s, 21 767-300ERs and 49 777s

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British Airways and Iberia will combine their cargo business and network into a single business unit reporting to International Airlines Group although both cargo operations will retain their current brands, the carriers and IAG announced last week. There will be a small cargo management team within IAG, while all other cargo employees will continue to work for their current airline. The combined business will be led by MD Steve Gunning and Deputy MD Ignacio Diez Barturen. They were previously managing directors of BA World Cargo and Iberia Cargo, respectively.

Jeannot a écrit:American aurait commandé 5 777-300ETs au premier trimestre

American Airlines ordered five Boeing 777s in Q1

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American Airlines exercised rights to buy five Boeing 777s in the first quarter, the company reported Wednesday.
“During the first quarter of 2011, the Company amended Purchase Agreement No. 1980 with Boeing and exercised rights to acquire four Boeing 777-300ER aircraft, including two scheduled for delivery in 2012 and two scheduled for delivery in 2013,” the company said in its [Vous devez être inscrit et connecté pour voir ce lien]. “In April 2011, the Company exercised rights to acquire a fifth Boeing 777-300ER aircraft, which is scheduled for delivery in 2013.”
[Vous devez être inscrit et connecté pour voir ce lien] in January, noting that American was the first U.S. airline to order the 777-300ER. Boeing has not yet reported the other orders on its [Vous devez être inscrit et connecté pour voir ce lien].

Jeannot a écrit:Certaines commandes étaient connues, d'autres non. Diificile de savoir. Attendons le tableau hebdomadaire de Boeing.

[Vous devez être inscrit et connecté pour voir ce lien]
[/quote]

Roberto a écrit:Bonjour,

Mes yeux ne sont pas superbes, mais :

Le 19 de janvier 2011, AA a exercé deux options sur B 777-300ER

- Annonce AA même date. Livraison prévue fin 2012 ( "earning conference" Wednesday January 19, 2011. )

Le 1 de mars 2011, AA annonce la levée d'une option supplémentaire sur 1 B 777-300ER, même date de livraison

La confirmation finale d'AA sur l'exercice d'une option supplémentaire portant à 5 B 777-300ER n'est pas encore arrivée.

NB : La flotte actuelle de 47 B 777 ( 200ER ) AA est équipé de RR Trent 800, tous livrés entre 1999 et 2001

Qu'en pensent nos Forumistes ?

Jeannot a écrit:Pour être complet il faut aussi dire qua BA a aussi pris du 787. Non ?

• A318 : 2 (moteurs : CFM-56) ;
  
• A319 : 33 (moteurs : tous IAE V2500) ;
  
• A320 : 44 (moteurs : 40 x IAE V2500 ; 4 x CFM-56, "héritage" A320-100 de B-CAL) ;
  
• A321 : 11 (moteurs : tous IAE V2500).