Iberia (Madrid) is getting out of the short and medium-haul business and will concentrate on its long-haul business.
Iberia will create a new unnamed low-cost subsidiary to be based in Madrid, which will start operations in November 2010. This new airline will gradually take over the IB?s short and medium-haul routes, and will then expand by taking over British Airways? short-haul routes pending the planned merger. By 2015, IB will no longer fly the short and medium-haul routes with its own planes and crews, thus concentrating on the long-haul routes especially to South America.
Iberia will create a new unnamed low-cost subsidiary to be based in Madrid, which will start operations in November 2010. This new airline will gradually take over the IB?s short and medium-haul routes, and will then expand by taking over British Airways? short-haul routes pending the planned merger. By 2015, IB will no longer fly the short and medium-haul routes with its own planes and crews, thus concentrating on the long-haul routes especially to South America.