IAG has plans to buy Spanish carrier

Group airline Iberia has 45 per cent stake in Vueling


Iberia International Airlines Group Spanish low-cost carrier Vueling


International Airlines Group (IAG) has plans to buy Spanish low-cost carrier Vueling (VY), the country’s second-largest carrier and has been on an expansion mode. In a statement, IAG said that its board would consider an offer to purchase all of VY’s shares. Incidentally, IAG’s subsidiary Iberia LAE Operadora, S A has a 45.85 per cent shareholding in Vueling.