IAG Investor Relations

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International Airlines Group (IAG) Fundamentals


International Consolidated Airlines Group, S.A., also known as International Airlines Group, is the name of an Anglo-Spanish holding company formed on 8 April 2010 as a result of the proposed merger between British Airways and Iberia.


The new company will be the third largest airline holding company in the world by revenue,with 419 aircraft transporting passengers between 200 destinations.The new company will carry over 62 million passengers per year, according to British Airways executives.Both airlines will, however, continue to operate under their current brand names. British Airways shareholders will take a 55% stake in the new company, while Iberia shareholders will own the remaining 45% stake.

I like this one better skinny .......

I can't top the Daily Mail! :-)

Aer Lingus 'to accept' bid from British Airways owner IAG

Possible Offer Update

Possible Offer Update


The Board of Directors of Aer Lingus (the "Board") confirms that it has received a revised proposal from International Consolidated Airlines Group, S.A. ("IAG") which values each Aer Lingus share at €2.55 comprising an all cash offer for the Company of €2.50 per share and a cash dividend of €0.05 per share (the "Revised Proposal"). The Revised Proposal remains conditional on, amongst other things, confirmatory due diligence, the recommendation of the Board of Aer Lingus and the receipt of irrevocable commitments from Ryanair Limited and the Minister for Finance of Ireland to accept the offer.

The Board is considering the Revised Proposal.

This statement is being made by Aer Lingus without the prior agreement or approval of IAG. There can be no certainty that any offer will be made nor as to the terms of any offer. Shareholders are strongly advised to take no action.

IAG Statement on possible cash offer for Aer Lingus

STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")

International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.

Statement on possible cash offer for Aer Lingus Released 07:00 27-Jan-2015

STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")
International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
The Board of Aer Lingus has indicated to IAG that the financial terms of the proposal are at a level at which it would be willing to recommend to Aer Lingus shareholders, subject to being satisfied with the manner in which IAG proposes to address the interests of relevant parties. Accordingly the Board of Aer Lingus has granted IAG access to perform a limited period of confirmatory due diligence.
It is IAG's intention that under its ownership, Aer Lingus would:

§ operate as a separate business with its own brand, management and operations, continuing to provide connectivity to Ireland, while benefitting from the scale of being part of the larger IAG group;

§ join the oneworld alliance, of which British Airways and Iberia are key members; and

§ join the joint business that IAG operates over the North Atlantic with American Airlines, leveraging the natural traffic flows between Ireland and the US and the advantageous geographical position of Dublin for serving connecting flows.

IAG believes that the proposal would secure and strengthen Aer Lingus's brand and long term future within a successful and profitable European airline group, offering significant benefits to both Aer Lingus and its customers.

IAG recognises the importance of direct air services and air route connectivity for investment and tourism in Ireland and intends to engage with the Irish Government in order to secure its support for the transaction.

A further statement will be made if and when appropriate.

Aer Lingus to recommend $1.5 billion offer from BA-owner - RTE

Liberum Capital Buy 561.50 549.00 600.00 600.00 Reiterates

I have just dropped my IAG shares.

Not certain whether the "deal" with Aer Lingus is beneficial or not to share price over the next 12-18mths.

To me the chart has had a good run and suggests a small back is due.


I think, I will watch and wait.

Perhaps, I am too jumpy, to many UNKNOWN UNKNOWNS in EUROPE, RUSSIA and ME for me.


Watch it fly.

A bit of an increase in height after the US opened!

Nomura Buy 564.00 564.00 550.00 650.00 Retains

May explain the spike yesterday as the US opened.

Acquisition of a 9.99% stake in International Consolidated Airlines Group, SA ("IAG")

Doha, Qatar - As part of efforts to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance, Qatar Airways has acquired a 9.99% stake in IAG.

Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders. Qatar Airways may consider increasing its stake further over time although this is not currently intended to exceed 9.99%.

"IAG represents an excellent opportunity to further develop our Westwards strategy. Having joined the oneworld alliance it makes sense for us to work more closely together in the near term and we look forward to forging a long term relationship" said His Excellency Mr. Akbar Al Baker, Group Chief Executive of Qatar Airways.

30 Jan 2015 International... IAG Nomura Buy 564.00 564.00 550.00 650.00 Retains

SP TARGET 650p

See post 282.

Liberum Capital Buy 559.75 600.00 600.00 Retains

StockMarketWire.com
International Consolidated Airlines Group has set a series of safeguards on the future of Aer Lingus in a bid to secure Irish government support for IAG's proposed offer.

The proposed commitments would ensure that, unless there is explicit Irish government agreement:
· Aer Lingus's 23 slot pairs at London Heathrow cannot be sold, including to other IAG airlines;

· Aer Lingus's name, head office location or place of incorporation in the Republic of Ireland, cannot be changed.

· In addition, IAG is prepared to offer a further commitment to operate the slots on Irish routes for five years. This is protection that the government does not have today.

IAG chief executive Willie Walsh said: "We are committed to maintaining and strengthening Aer Lingus. We want to develop air services that ensure Ireland's connectivity is enhanced. In seeking the support of the Irish Government, we propose to offer it legally binding commitments that go well beyond the protections currently available to it. These commitments would give the Irish Government an important role that they do not have today in securing the future of Aer Lingus."

IAG has spelled out other key benefits from its proposal:
· Aer Lingus would operate as a separate business with its own brand, management and operations, continuing to provide connectivity to Ireland, while benefitting from the scale of being part of the larger group;

· Aer Lingus would join the oneworld alliance, of which British Airways and Iberia are key members; and

· Aer Lingus would join the joint business that IAG operates over the North Atlantic with American Airlines, leveraging the natural traffic flows between Ireland and the US and the advantageous geographical position of Dublin for serving connecting flows. This is significantly enhanced by US immigration pre-clearance.

Credit Suisse Outperform 529.75 678.00 678.00 Reiterates

JANUARY 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS


§ Group traffic in January, measured in Revenue Passenger Kilometres, increased by 5.5 per cent versus the same month in 2014; Group capacity measured in Available Seat Kilometres rose by 5.7 per cent.

§ Group premium traffic for the month of January increased by 6.4 per cent compared to the previous year.

Possible Offer Update

Full Year results this Friday 27th.