IAG may sell part of its European flights with Vueling
Spanish airline Iberia and British Airways , now merged in to IAG could sell part of their European network Vuelingaccording to information from the Financial Times .
To fight against low-cost airlines such as Ryanair and easyJet, IAG would be willing to give Vueling part of its network short and medium-haul point-to-point belonging largely to British Airways but also Iberia. Be included flights from London Gatwick . As a reminder, Vueling currently owned by Iberia up to 45.85%, was the subject of a takeover bid (OPA) in November to 54, the remaining 15% upon 113.4 million .
This award partial network can be explained by labor costs are too high within IAG. They represent respectively 34% and 35% of the costs of operating British Airways and Iberia, compared to 13% that supports Vueling.
But this, if true, must confront the reluctance of unions crew of British Airways or Iberia, these transfer issues and work activity Vueling or another of its subsidiaries. The announcement also happens to be the maturity date of the negotiations on the restructuring plan of Iberia that unions must approve before January 31. This plan provides for the departure of 4,500 employees , a pay cut for three years from 25 to 35%, the removal of approximately 25 aircraft fleet and cuts up to 15% in the network. In addition, the unions argue that the merger of Iberia and Britisish Airways comes at the expense of the first with the disappearance of certain routes toJohannesburg, Recife, Fortaleza, Cordoba or Washington . Other connections to Berlin, Amsterdam, Stockholm, Athens, Cairo, Istanbul, Havana, Santo Domingo, Puerto Rico and Montevideo are threatened. If it is rejected by the unions tomorrow, the threat of a massive strike will profile themselves for Iberia .
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