airlines

British Airways and Iberia launch takeover proceedings on the remaining 54% stake of the Catalan Vueling

November 8, 2012 10:31 PM | CNA

IAG, the airlines group formed after the merger of British Airways and Iberia, has announced its plans to acquire 100% of Vueling’s capital. Iberia already has 45.85% of the Catalan airline. Now, IAG intends to buy the remaining 54.15%, equivalent to 16.2 million shares. IAG is offering €7 per share, 28% more than Vueling’s last trading price on the stock exchange market. Vueling is one of the few airlines in Europe making a profit. Catalan politicians are “worried” about the purchase, as Vueling is based in Barcelona El Prat Airport and is committed to its expansion. However, Iberia abandoned its plans to develop El Prat and has prioritised Madrid Barajas. A Catalan MEP has asked the European Commission about the possibility of there being a free competition obstacle.

Vueling airline to link Barcelona to 100 destinations in summer 2013

October 17, 2012 05:26 PM | CNA / Josep Ramon Torné

The Catalan company presented its strategic plan for next two years, which fosters its main hub, Barcelona El Prat Airport, by adding 28 new routes from next summer. Vueling plans to transform Barcelona Airport into the main European hub for short and medium distance flights. Currently, it is already the second continental hub in this category. Furthermore Vueling will strengthen its offer to business travellers by unveiling the ‘Excellence’ flying class and direct flights between Barcelona and London-Gatwick or Frankfurt. In addition, the Catalan airline will end 2012 with a profit for the fourth consecutive year.

FC Barcelona budgets a €35.9 million profit for the 2012/13 season

September 4, 2012 07:46 PM | Roger Bogunyà

Board member Toni Freixa announced that FC Barcelona has forecast income of €470 million and outgoings of €427.9 million for the coming year. Therefore, the Catalan club would end the current season with a profit of €35.9 million. The 2011/12 season closed with record profits of €48.8 million against a forecast of €21 million. Besides, the Board will ask the members’ delegates at the club’s assembly to authorise the calling of a referendum on the project relating to the future of the Camp Nou.

Ryanair aims high and takes six former Spanair routes from Barcelona El Prat

February 7, 2012 10:46 PM | CNA

The Irish low-cost airline has announced six new destinations from Barcelona El Prat Airport, as well as an increased frequency of flights on several existing routes. Ryanair has decided to occupy part of the market share left by Spanair after it went bankrupt 10 days ago. Furthermore, Ryanair’s President Michael O’Leary, replied to Spanair workers unions, who complained about the poor working conditions offered by the Irish company to hire them. “Nobody is obliged to work for Ryanair”, he said.

Spanair calls for voluntary bankruptcy and prepares the mass layoff of its 2,065 workers

January 30, 2012 10:39 PM | CNA

The Catalan airline has a debt of €474 million; €260 million of which is with its shareholders and the remaining €214 millions with providers, airports and social security. The Catalan Government has invested €140 million in the airline, split in loans given to the company and in Spanair’s capital. Spanair stopped all its activity on Friday evening because it could not find any additional funding. All the more than 12,000 Spanair passengers passing through Catalonia over the weekend found an alternative flight using other airlines.

Spanair cancels all its flights and stops its activity for financial reasons

January 28, 2012 12:31 AM | CNA / Gaspar Pericay Coll

Due to the impossibility of finding extra capital, the Barcelona-based airline’s board has taken the decision to cancel all its flights and to suspend the company’s activity. Negotiations with Qatar Airways broke down, which forced Spanair’s board to analyse the company’s viability. The Catalan Government, which partially owns the airline, has refused to invest more money in the company, and thus Spanair stopped flying. Passengers will be refunded and will be able to buy discounted tickets with other airlines.

Vueling to fly to 23 new destinations from Barcelona Airport after increasing passenger numbers by 11.6% in 2011

January 12, 2012 11:27 PM | CNA / Esther Romagosa

The Catalan airline will invest €325 million in increasing the number of destinations and frequency of its flights from Barcelona El Prat Airport. Vueling will base 28 planes at Barcelona, after having bought 5 new aircraft. These initiatives demonstrate that Vueling continues with a strategy to consolidate Barcelona Airport as “a true hub” for intercontinental flights. The Catalan airline expects that up to 2 million of its passengers will change flights at Barcelona.

Ryanair to open 19 new routes from the Girona Airport after an agreement is reached with the Catalan Government

January 10, 2012 10:03 PM | CNA

The Irish low cost airline, Ryanair, has announced it will transport 3 million passengers through the Girona-Costa Brava Airport, where it will operate a total of 59 routes. Ryanair’s Vice President, Michael Cawley, explained that after a long negotiation process an agreement has been reached with the Catalan Government. “It’s not 100% our agreement, it’s not 100% the Government’s agreement, so it’s probably a good agreement” he said ironically. Ryanair and the Catalan Government have been arguing over the last year about the airline’s presence in Girona and Reus airports.

Ryanair will make a return to Reus Airport and increase activity at Girona if AENA doesn't raise taxes

November 16, 2011 10:00 PM | CNA / Gaspar Pericay Coll

The Catalan Government and the Irish low-cost airline Ryanair have put an end to their dispute and have announced an agreement to operate from Girona-Costa Brava and Reus for the next five years starting in April 2012. Ryanair has guaranteed that in the first twelve months more than 3 million passengers will pass through Girona Airport and 500,000 through Reus Airport. However, it has one condition: the Spanish public airport operator AENA cannot increase taxes at neither Girona nor Reus airports. If that happens the agreement will become null and void. Ten days ago, Ryanair had completely abandoned Reus. Flights through Girona had been significantly reduced in the summer and they had cut the number of flights operating in the winter months.