Iberia Airlines

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Iberia Líneas Aéreas de España, S.A. (BMADIBLA) is the flag carrier airline of Spain. Based in Madrid,[2] it operates an international network of services from its main bases of Madrid-Barajas Airport and Barcelona El Prat Airport.[3]

Iberia Airlines, with Iberia Regional (operated by an independent carrier Air Nostrum), is a part of Iberia Group. In addition to transporting passengers and freight, Iberia Group carries out related activities, such as aircraft maintenance, handling in airports, IT systems and in-flight catering. Iberia Group airlines fly to over 102 destinations in 39 countries. Via code-sharing arrangements with other companies, it offers flights to another 90 destinations.[3]

On 12 November 2009, Iberia Airlines confirmed that it had reached a preliminary agreement to merge with British Airways. The merger between the two carriers will create the world's third-largest airline in terms of revenue.[4] On 8 April 2010, it was confirmed that British Airways and Iberia had signed an agreement to merge,[5] making the combined operation the third largest commercial airline in the world by revenue.[6] The newly merged company will be known as International Airlines Group, although both airlines will continue to operate under their current brands.[5] Both airlines are expected to complete their merger in January 2011.[7] On November 29, 2010, shareholders from both carriers approved the merger.[8]

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