IAG backs plan for net zero emissions by 2050

As logistics operators seek to reduce their environmental impact, more forwarders, express operators and now airlines are seeking to reach net-zero emissions over the next several decades. On Thursday, International Airlines Group (IAG) – parent group of carriers British Airways, Aer Lingus, Iberia, LEVEL and Vueling – announced it would be the first airline group […]

British Airways locked in negotiations to avert strike by pilots

British Airways is locked in talks with its pilot union in a last-ditch attempt to diffuse a dispute over pay and avoid a walkout by crew in the critical summer travel season. Management from the airline and representatives of the British Airlines Pilots Association, or Balpa, are meeting in London Friday at the U.K.’s state-backed […]

IAG Cargo focuses on new year

Referencing 2015’s challenging market conditions, IAG Cargo reported just over €1 billion in cargo revenue for 2015, which was up 3.2 percent year-over-year. Yield was down 4 percent compared to 2014 while capacity was up 3 percent. “The airfreight industry experienced another challenging year with capacity exceeding demand,” said Willie Walsh, IAG’s CEO. “IAG Cargo […]

Cargo facility at Ireland’s Shannon Airport on hold

Irish media is reporting that the planned expansion of cargo facilities for Shannon Airport, located on the west coast of Ireland, has been put under performance review for the first quarter of 2016. One source said plans for Shannon’s €20 million cargo hub have “crash-landed.” The Dublin Airport Authority signed an agreement with construction firm […]

Logistics M&A activity makes big splash in Q2

A rash of “mega-deals” during the second quarter of 2015 have made transportation and logistics one of the hottest mergers and acquisitions sectors, boosting the average deal value to US$564 million, according to a recent study by PricewaterhouseCoopers. There were nine M&A deals made during the quarter with a combined value of $23.6 billion, which […]

IAG makes third offer to take over Aer Lingus

IAG has made its third offer to buy Aer Lingus, the national airline of Ireland. At €2.55 (US$2.85) per share, this is the most generous offer yet, besting its last offer of €2.50 per share. Aer Lingus is valued at more than €1.3 billion. It is the leading air carrier of air cargo to and […]

Aer Lingus embarks on transatlantic expansion

Aer Lingus launched its inaugural B757 service from Shannon, Ireland, to Boston. The departure of the flight Thursday marks the commencement of a major transatlantic expansion in 2014 that includes new routes from Dublin to San Francisco and Toronto, as well as frequency increases on services from Shannon to Boston and New York. “This is […]
  • February 6, 2014