The board of Spanish low-cost airline Vueling unanimously recommended shareholders accept an improved takeover offer of 9.25 euros per share from International Airline Group (IAG).
IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after the Barcelona-based carrier rejected a previous offer.
International Consolidated Airlines Group (IAG) is making a cash tender offer to buy 100 per cent of the share Vueling, the Spanish low-cost airline based in Barcelona.
IAG’s subsidiary Iberia owns 45.85% of Vueling’s shares currently and the Iberia board has agreed not to tender them in the offer. This means that Iberia would retain its shareholding in Vueling with IAG seeking to acquire the remaining 54.15%.
The offer will be €7.00 per ordinary share of Vueling with the total cost of acquiring 54.15% anticipated to be €113m. It will be funded using internal IAG resources.
A court in Barcelona ruled that Vueling Airlines, the Spanish low-cost carrier, can’t pass on higher landing charges to clients who bought their tickets before the price hike was announced.
The court said Vueling can’t enforce a clause in their sales contract which allows them to charge clients extra after the government increased fees by 19 percent at Spanish airports.
Ryanair, which last month told customers they faced extra charges, may also be affected by the ruling.
fuente: Bloomberg
Vueling intends to consolidate Barcelona El Prat as a “‘true hub’†for intercontinental flights. On Thursday morning, Vueling announced that it will invest €325 million this summer by opening 23 new routes from Barcelona Airport, coinciding with the summer season and its demand increase. Vueling will have direct flights to 70 destinations from Barcelona from this summer and will link up to 900 destinations with flight connections through Barcelona El Prat Airport, including intercontinental flights.
Vueling, Europe’s fourth biggest LCC, and the biggest airline at Barcelona’s main El Prat Airport, has announced plans to start 13 new routes next summer from Spain’s second busiest airport. Last year, the Spanish LCC that is part-owned by Iberia carried over seven million passengers at the airport, accounting for one in four passengers.
In the first nine months of this year, it has carried 5.9 million passengers at the airport, representing 22.2% of the total.
Vueling won the accolade of most innovative low cost model airline at the industry’s ‘Budgie Awards’.
Industry representatives applauded the efforts the company is making to provide their passengers with a wide range of services at competitive prices. In particular, the sector valued the company’s efforts to implement successfully, since July 2010, a pioneering programme of connecting flights through its hub at Barcelona, initially Vueling to Vueling and its network of flights, and since March this year with legacy carriers, including Iberia. Today, Vueling can offer 550 routes through its Vueling Connects network.
source: traveldailynews.com
Spanish low-cost carrier Vueling will next spring open a base at Toulouse-Blagnac Airport in France.
The new base will be Vueling’s first outside Spain since finalising its merger with Clickair last summer.
Vueling will base one aircraft at Toulouse from April 2011 and will operate flights to the following seven destinations: Amsterdam; Barcelona; Ibiza; Malaga; Paris; Pisa and Venice.
source: flightglobal.com
Spanish airline Vueling annouced that July passenger traffic topped 1 million for the first time after the group’s merger with Iberia’s low-cost subsidiary Clickair.
Passenger traffic in July rose 79.8 percent from a year earlier to 1.12 million, while load factor, which measures how full its planes fly, rose 0.6 percentage points to 77.9 percent
source: Reuters
Airline fans have the chance to name some of Vueling’s incoming A320s, which are joining its fleet following the merger with clickair. The winner of the best idea will be awarded with a trip to the hangar where the chosen name will be painted on the new livery.
Vueling launched a Europe-wide contest inviting its fans to name five of Vueling’s 18 incoming planes using new social network outlets. These aircraft have joined Vueling’s all-A320 fleet, which now stands at 35 aircraft, after its merger with clickair was ratified on July 15th.
source: Boarding.no
Spanish budget airline, Vueling, have added four more destinations to their growing network. Bases on operating services to popular Mediterranean destinations Vueling has added Barcelona to Ibiza and Minorca, Madrid to Ibiza and Malta and Malaga to Las Palmas in the Canary Islands. Flights commence late in March 2009.
source: alternativeairlines.com
