IAG considers Vueling takeover

8 Nov 2012 by BusinessTraveller

International Airlines Group (IAG) has confirmed it is considering making an offer for 100 per cent of the share capital of Spanish low-cost carrier Vueling.

The group released a statement confirming the news following recent media reports, and says it will be “considering the matter” today (November 8), although it stressed that “no decision to make an offer has yet been reached nor, accordingly, on any of its potential terms, including in particular the price”.

IAG carrier Iberia already own a 45.85 per cent stake in Barcelona-based Vueling, which operates Spanish domestic and European routes.

The airline recently announced plans to launch a twice-daily service between Gatwick and Barcelona from March next year (see online news October 19).

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Report by Mark Caswell

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