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Old 11-12-2018, 06:00 PM
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Default Owner of Iberia, British Airways in talks with EU and government over Brexit

Brexit is fast approaching, and the uncertainty about what will happen the day after the United Kingdom leaves the European Union is growing. In the absence of a deal setting out exactly what the country?s relationship will be with the other 27 countries in the bloc after March 29, 2019, the parent group of Spanish airlines Iberia and Vueling, International Airline Group (IAG), is negotiating against the clock to prevent the divorce from affecting its business. The group ? which also owns British Airways and Aer Lingus, and is legally based in Spain but controlled by British capital ? is in talks with the Spanish government and the European Commission to try to ensure that IAG continues to be considered an EU-based company, and as such covered by community rules.

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