Subsidiaries and Alliances
Iberia has a 45.85% stake in low-cost carrier Vueling, which is based near Barcelona and a 0.95% share in Royal Air Maroc.
Iberia is allied with American Airlines, Qantas, Avianca, British Airways, PLUNA of Uruguay and Grupo TACA, and on 1 September 1999, the company joined the Oneworld alliance. British Airways owns 55% of its share capital.
Iberia has a codeshare agreement with several Oneworld members: Cathay Pacific on flights from Amsterdam and London Heathrow to Hong Kong, Japan Airlines on flights from Amsterdam to Tokyo Narita and Royal Jordanian from Madrid to Amman, and with LAN Airlines for flights connecting Latin America and most of Europe.
Vueling and Clickair, merged in 2009.
Read more about this topic: Iberia Group
Famous quotes containing the word alliances:
“An alliance is like a chain. It is not made stronger by adding weak links to it. A great power like the United States gains no advantage and it loses prestige by offering, indeed peddling, its alliances to all and sundry. An alliance should be hard diplomatic currency, valuable and hard to get, and not inflationary paper from the mimeograph machine in the State Department.”
—Walter Lippmann (1889–1974)