LONDON – International Airlines Group (IAG) announces that Antonio Vazquez has retired as a director of the company and chairman of the Board. As previously announced, Javier Ferran from Spain has succeeded Vazquez as chairman.
IAG is an Anglo-Spanish international airline holding company with its registered office in Madrid, Spain, and its operational headquarters in London, England. After a merger agreement between British Airways (BA) and Iberia (IB), IAG was established in January 2011, as both carriers became 100% owned subsidiaries of IAG.
Since BA was the larger company, 55% of the shares in IAG were given to its shareholders.
IAG has increased its portfolio of operations and brands since its founding by acquiring other airlines such as BMI (BM) in 2011, Vueling (VY) in 2012, Aer Lingus (EI) in 2015 and Air Europa (UX) from 2015 to 2020. The LEVEL (IB) brand and Avios, the IAG rewards program, are both owned by the Company.
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TUI share price crashes over 20%. Is this travel stock now a 2021 bargain buy?
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Anglo-German travel firm
TUI(LSE:TUI) has endured a dire year. And with the pandemic raging on, the light at the end of the tunnel is dim.
The TUI share price now sits around £4, which means it has tumbled over 57% in a year. Will the vaccine bring it the respite it desperately desires?
US$12.3 TRILLION out of thin air…
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TUI share price tumbles
In its last financial year ending 30 September, TUI accrued a £2.8bn (€3.2bn) pre-tax loss. To strengthen its chances of surviving the crisis, the