Spain’s Iberia to start new budget airline
6 October 2011The board of Spanish airline Iberia is planning to establish a low cost airline to help improve the carrier’s profitability, however their plans could lead to industrial action.
Iberia who is owned by International Airlines Group (IAG) has plans to establish a budget carrier to take on short and medium-haul flights, the Financial Report reported.
The carrier’s performance is also being threatened by intense competition from Europe’s leading low cost airlines Ryanair and EasyJet.
source: etravelblackboard.com
