International Consolidated Airlines Group S.A., usually shortened to IAG, is an Anglo-Spanish multinational airline holding company with its registered office in Madrid, Spain, and its operational headquarters in London, England.
It was formed in January 2011 after a merger agreement between British Airways and Iberia, the flag carriers of the UK and Spain respectively, when British Airways and Iberia became 100% owned subsidiaries of IAG. Because British Airways was the larger company, its shareholders were given 55% of the shares in the new, merged company.
Since its creation, IAG has expanded its portfolio of operations and brands by purchasing other airlines – BMI (2011), Vueling (2012), Aer Lingus (2015) and Air Europa (expected to be completed in 2020). The Group also owns the Level brand and Avios, the IAG rewards programme.
The company is listed on the London Stock Exchange and the Madrid Stock Exchange. It is a constituent of the FTSE 100 Index and IBEX 35 Index.
Type: Sociedad Anonima
Traded as: BMAD: IAG; LSE: IAG; FTSE 100 Component
Industry: Aviation
Predecessor: British Airways and Iberia
Founded: 21 January 2011; 9 years ago
Headquarters:
- Madrid, Spain (Registered office)
- London, England, UK (Head office)
Services:
- Airline services
- Passenger air transport services
- Air freight services
Subsidiaries:
- Aer Lingus
- British Airways
- IAG Cargo
- Iberia
- LEVEL
- Vueling
- Avios Group
Website: www.iairgroup.com