The new horizon of IAG after the rejection of Air Europa
After a significant challenge in its expansion strategy, the International Airlines Group (IAG), which includes renowned airlines such as Iberia and British Airways, has found a new direction. The European Commission’s refusal to allow the acquisition of Air Europa has forced IAG to rethink its strategy, now focusing on the potential of the Latin American market.
Luís Gallego’s aspirations: consolidation and growth
Luís Gallego, CEO of IAG, does not give up in the face of obstacles. In a recent conversation with the Financial Times, he explained that the company’s goal is to increase its market share through new acquisitions, particularly looking at TAP Portugal, an airline with which IAG has had a historical interest. Gallego defends that consolidation is essential to face the challenges of global mobility.
The challenge of the privatization of TAP
The possibility of acquiring TAP, however, is not without complications. Political instability in Portugal has cast doubt on the airline’s privatization process, which could delay any strategic move. Gallego recognizes that the current political situation hinders his ability to act until a new government can facilitate the sale.
Madrid as a strategic hub
In addition to the acquisitions, Gallego highlights the importance of promoting Barajas airport in Madrid as a central hub to compete with European cities such as Paris and Amsterdam. According to him, a fragmented Spanish airport is not sustainable in an environment of increasing competition.
Investment in the future
The recovery of British Airways is another key element in Gallego’s vision, who has proposed an investment plan of more than 8.1 billion euros. This capital injection seeks to enhance the company’s Heathrow offering and ensure IAG can continue to grow organically alongside its acquisition aspirations.
A future full of challenges and opportunities
With an ever-changing landscape, IAG is at a defining moment. Their expansion strategies will not only affect their position in the market, but will also influence the future of mobility at a global level. Gallego’s ability to navigate these challenges will determine the path the company will take in the coming years.