IAG will buy 120 new aircraft for the Barcelona-based airline Vueling
The airline group formed by British Airways and Iberia, IAG, announced it will buy up to 220 new Airbus 320 between 2015 and 2020, 120 of which will be for the recently-purchased Catalan company Vueling. IAG bought the Barcelona-based airline last spring and the operation was authorised in July by the competition authorities. Vueling is currently one of the few profitable airlines in Europe, with a business model evolving from a low-cost airline but offering business services and flying to the main airports in Europe. In fact, the company links Barcelona El Prat with 104 destinations (in Europe, the Middle-East, Russia and Africa) and it has operation bases in Madrid, Paris and Amsterdam, among others. Last July, Vueling increased its number of transported passengers by 18% and flights by 13% on July 2012 figures.