josep piqué

Business

British Airways-Iberia to own 90% of Vueling after many shareholders decided to accept the takeover offer

April 24, 2013 12:08 AM | CNA / Gaspar Pericay Coll

IAG, the company resulting from the merger of British Airways and Iberia, improved its initial offer from €7 per share to €9.25 to buy 100% of the Catalan airline’s shares. Iberia already owned 45.85% of Vueling and the IAG offer aimed to buy the remaining 54.15%. However, IAG had already stated the operation would still be carried out if it could buy 4.16% of Vueling’s share, in order to own 50.01% of the airline. Finally, more than four fifths of the remaining shareholders decided to sell their stocks to IAG. The international airline will buy 44.66% of Vueling’s shares and then it will own 90.51% of the company based in Barcelona El Prat Airport. Vueling is one of the few European airlines that has made a profit in the last few years. It has a competitive business model, flying to more than 200 destinations.

Politics

Catalan economists want the Spanish Government “to talk without prejudgements” on Catalonia’s self-determination

February 5, 2013 10:52 PM | CNA

The Cercle d’Economia, the main Catalan economic forum open to businesspeople and academics, has published an opinion note on the political context following the last Catalan elections. In the note, the Cercle asks the Spanish Government “to talk” about the Catalan self-determination and “to reform” the Constitution accordingly. The Cercle does not explicitly back an independent Catalonia but it supports a deep reform of Spain’s territorial organisation and the finding of a negotiated solution for both parties, which may be reached through a legal referendum. In addition, the Cercle asks for a review of Spain’s internal distribution of the deficit targets among government levels and to increase those of the Autonomous Communities.

Business

Vueling airline to link Barcelona to 100 destinations in summer 2013

October 17, 2012 05:26 PM | CNA / Josep Ramon Torné

The Catalan company presented its strategic plan for next two years, which fosters its main hub, Barcelona El Prat Airport, by adding 28 new routes from next summer. Vueling plans to transform Barcelona Airport into the main European hub for short and medium distance flights. Currently, it is already the second continental hub in this category. Furthermore Vueling will strengthen its offer to business travellers by unveiling the ‘Excellence’ flying class and direct flights between Barcelona and London-Gatwick or Frankfurt. In addition, the Catalan airline will end 2012 with a profit for the fourth consecutive year.

Business

Catalan economists ask for European public funds to restructure Spanish Banks

May 11, 2012 11:44 PM | CNA / Josep Molina

Considering the “exceptional” crisis Spain’s banking system is going through, the Cercle d’Economia, a Catalan economic forum open to businesspeople and academics, recommends “drastic” measures in order to face a “systemic” problem at European level. The Chairman of Cercle d’Economia, former Spanish Minister Josep Piqué, stated that Spain “will not succeed on its own”.

Business

Vueling to fly to 23 new destinations from Barcelona Airport after increasing passenger numbers by 11.6% in 2011

January 12, 2012 11:27 PM | CNA / Esther Romagosa

The Catalan airline will invest €325 million in increasing the number of destinations and frequency of its flights from Barcelona El Prat Airport. Vueling will base 28 planes at Barcelona, after having bought 5 new aircraft. These initiatives demonstrate that Vueling continues with a strategy to consolidate Barcelona Airport as “a true hub” for intercontinental flights. The Catalan airline expects that up to 2 million of its passengers will change flights at Barcelona.

Society

The ‘Ombudsman’ has “less influence” and is under “threat of disappearance”

November 21, 2011 09:22 PM | CNA / Esther Romagosa

In an international conference taking place in Barcelona of Ombudsmen from Europe, America and Africa, the Catalan Ombudsman, Rafael Ribó, has warned that the institution has “less influence”. Furthermore, in some areas of Europe there is a threat that they will “disappear”. The Ombudsmen have been discussing their role in the face of the privatisation of basic services. The conference has been organised with the ‘Cercle d’Economia’, which is mainly an economic forum, open to businesspeople, academics and economic professionals.

Business

Catalan airline Vueling to open new operating base in Paris Orly

May 12, 2011 01:54 AM | CNA / Jordi Font

The airline Vueling, which has its main base at Barcelona’s El Prat Airport, has a network of permanent operating bases, to which Paris Orly will be added if French authorities give the green light. Vueling’s Chairman, Josep Piqué, announced that a minimum of six planes will be based at France’s second airport. Across the 21 routes it has in France, the airline estimates that it will carry 26% more passengers in 2011 when compared to last year.