International Airlines Group-IAG’s (London), the parent of British Airways (London) and Iberia (Madrid), through its subsidiary Veloz Holdco, has formally filed an application for Vueling Airlines (Barcelona) through a tender offer. IAG is seeking authorization from the National Securities Market Commission of Spain for the market offer. IAG plans to acquire 16.2 million shares of Vueling Airlines or 51.14 percent of the total shares, that it does not already own through subsidiary Iberia, which already controls 45.85 percent of the Vueling shares.

Read the full report from IAG: CLICK HERE

Copyright Photo: Pedro Baptista. Vueling Airlines’ Airbus A319-112 EC-LRS (msn 3704) approaches Barcelona for landing.

Vueling Airlines: