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IBEX:IAG, Feb 16, 06:15 UTC

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Tuesday, February 12


News

British Airways owner stops selling its shares to non-EU citizens

IAG IAG

IAG has stopped sales of its stock to investors outside of the European Union (EU). The parent of BA, Iberia, and Aer Lingus is almost majority owned by non-EU citizens, a breach of EU rules. The parent company of British Airways and Iberia has stopped the sales of its stock to investors outside of the European Union.

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News

Aer Lingus owner to cap share ownership by non-Europeans

IAG IAG

Britain is due to leave the European Union on March 29 but has yet to seal a withdrawal agreement, posing a potential risk to airlines that do not meet EU rules requiring European carriers to be majority-owned and operated in the bloc. European Commission sources told Reuters that Brussels encouraged IAG and all airlines concerned to check with the national licensing authorities whether they would still meet the operating licence requirements in case of a "no deal" Brexit. IAG said in a statement it would suspend the voting rights of any shares acquired by a relevant non-EU person and require the owner to sell the shares to a third party or to the airline group itself. But IAG said that UK citizens would not be subjected to this buying cap. The Spanish government has said it is confident national flag carrier Iberia is a Spanish company and will be able to fly across Europe in the event of a disorderly Brexit.

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News

British Airways Parent Restricts Non-EU Citizens From Buying a Bigger Stake

IAG IAG

British Airways Parent Restricts Non-EU Citizens From Buying a Bigger Stake. (Bloomberg) -- IAG SA is freezing the percentage of its shares that can be held by non-European Union citizens and funds amid a lack of clarity about potential ownership restrictions following Britain’s exit from the bloc. The British Airways parent, whose units also include Spain’s Iberia and Ireland’s Aer Lingus, has yet to be given firm guidance from U.K. and EU governments on whether its ownership structure will need to be amended in order to remain in compliance after Brexit. IAG has presented a contingency plan to the Spanish authorities that would allow it to meet ownership requirements, Spain’s Minister of Public Works Jose Luis Abalos said on Jan. 31. Until further notice, IAG won’t restrict purchases of its stock by U.K. citizens, it said.

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News

PRESS DIGEST- British Business - Feb 12

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Feb 12 (Reuters) - The following are the top stories on the business pages of British newspapers. - UK shareholders in IAG, the company that owns British Airways will not face new restrictions on their holdings after Brexit, the group said last night, but other non-EU shareholders will. - The American hedge fund agitating for an overhaul at Just Eat Plc has turned up the heat on the takeaway delivery group, demanding that it seeks a merger with a rival rather than appointing a new chief executive. - The government is facing calls for a new regulator to protect consumers' access to cash, following several bank technology failures and thousands of cash machine and branch closures across the United Kingdom.

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Monday, February 11


Social Chatter

International Consolidated Airlines Group (IBEX:IAG) social chatter is higher than usual

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International Consolidated Airlines : British Airways owner IAG to cap share ownership by non-Europeans https://t.co/Ix39vrGC6f

Friday, February 08


News

British Airways flight aborts landing at Heathrow in strong winds

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British Airways flight aborts landing at Heathrow in strong winds. An aircraft attempting to land at Heathrow Airport had to abort its attempt earlier today as strong winds buffered the plane. British Airways flight BA276, arriving from the Indian city of Hyderabad, was due to land shortly after 12.30pm today. British Airways told ITV News: "Our highly skilled pilots regularly train to conduct the standard manoeuvre known as a 'go around'. The aircraft circled the airport and landed safely."

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Story Sources

itv.com mirror.co.uk
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Thursday, February 07


News

International Consolidated Airlines Group, S.A. (ICAGY) Analysts See $0.48 EPS

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Analysts expect International Consolidated Airlines Group, S.A. (OTCMKTS:ICAGY) to report $0.48 EPS on February, 22.They anticipate $0.04 EPS change or 7.69 % from last quarter’s $0.52 EPS. ICAGY’s profit would be $477.59M giving it 9.01 P/E if the $0.48 EPS is correct. International Consolidated Airlines Group, S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. More notable recent International Consolidated Airlines Group, S.A. (OTCMKTS:ICAGY) news were published by: Seekingalpha.com which released: “Why Air France-KLM Is In A Bubble – Seeking Alpha” on July 21, 2017, also Seekingalpha.com with their article: “International Consolidated Airlines (ICAGY) Investor Presentation – Slideshow – Seeking Alpha” published on November 06, 2017, Seekingalpha.com published: “Consolidation Is Changing The Airline Industry – Seeking Alpha” on August 15, 2018.

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News

British Airways to join American Airlines in Terminal 8 at JFK New York

AAL IAG +1 more AAL IAG IAG

“Investing in our terminal and welcoming our partners is a win-win for both customers and team members at American and British Airways,” American president Robert Isom said. Additionally, customers arriving in New York will enjoy the ability to more conveniently connect onto other American Airlines flights and customers departing New York will gain the flexibility of 14 daily flights to London all departing from the same terminal. “Only four months ago, we announced plans to transform JFK Airport into a state-of-the-art global hub, with new and unified terminals adding four million square feet and increasing the airport’s capacity by at least 15 million passengers annually,” New York governor Andrew Cuomo said. British Airways chairman Alex Cruz said: “We’re excited to announce our move to Terminal 8 alongside American Airlines, our Atlantic joint business partner.

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Wednesday, February 06


News

American Airlines, British Airways to invest $344M at JFK

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New York Gov. Andrew Cuomo says American Airlines and British Airways will invest $344 million in John F. Kennedy Airport to expand and improve Terminal 8 as part of his effort to modernize the airport. The Democratic governor on Wednesday said the expansion of Terminal 8 will feature new premium lounges, enhanced baggage and upgraded concessions. In October, Cuomo announced a seven-year, $13 billion project to transform the airport from an aging facility into a world-class air travel hub featuring two new international terminals, centralized ground transportation and better roadways. British Airways Chairman and CEO Alex Cruz says it looks forward to building a world-class trans-Atlantic travel experience in their new home in Terminal 8.

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News

American Airlines, British Airways to invest $344M at JFK

AAL IAG +3 more AAL IAG IAG GOOG GOOGL

New York Gov. Andrew Cuomo says American Airlines and British Airways will invest $344 million in John F. Kennedy Airport to expand and improve Terminal 8 as part of his effort to modernize the airport. The Democratic governor on Wednesday said the expansion of Terminal 8 will feature new premium lounges, enhanced baggage and upgraded concessions. In October, Cuomo announced a seven-year, $13 billion project to transform the airport from an aging facility into a world-class air travel hub featuring two new international terminals, centralized ground transportation and better roadways. British Airways Chairman and CEO Alex Cruz says it looks forward to building a world-class trans-Atlantic travel experience in their new home in Terminal 8.

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Topics:
  • Business
  • Financial
  • Science