Iberia is moving ahead with its new short-haul model

Iberia-Lineas Aereas de Espana (Madrid) is moving ahead with a new short-haul model while it attempts to reach an agreement with its unions to create a new low-cost carrier to handle its short- and medium-haul routes according to Iberia’s chairman Antonio Vazquez.

So far the unions have not embraced the plans unveiled by the airline in October for a new budget airline. Iberia would like to focu on more profitable long-haul routes to Latin America where it is the market leader.

Read the full report from Yahoo! News:


Copyright Photo: Bruce Drum. IB wants to concentrate on its more profitable long-range routes. Airbus A340-642 EC-IZY (msn 604) pushes back from the gate at Miami.