Business Travel News EuropeBusiness Travel News Europe
Business Travel News Europe
  • NEWSOpen Menu
    • Accommodation
    • Air Travel
    • Ground Transport
    • Management
    • Meetings
    • On the Move
    • Payment & Expense
    • Technology
    • TMC & Distribution
    • Travel Procurement
    • Recent Issues
  • FEATURESOpen Menu
    • View All Features
  • CONVERSATIONSOpen Menu
    • Interviews and Q&As
    • Guest columns
    • Podcasts
    • VIEW ALL CONVERSATIONS
  • RESOURCESOpen Menu
    • Powered Up: The travel tech of today & tomorrow
    • The Future of Meetings
    • Smart Money: Cards, payments & expenses
    • The Journey Towards Sustainable Business Travel
    • Safety Measures: Risk, duty of care & wellbeing
    • Stepping It Up: Small & midsized travel programmes
    • Diversity, Equity & Inclusion in business travel
    • Business Travel Rebooted
    • New Horizons: The 2022 sourcing guide
    • Wheels in Motion
  • EVENTSOpen Menu
    • Webinars
    • Business Travel Show Europe
    • Business Travel Show Europe Kick Off
    • Business Travel Awards Europe
    • Business Travel Intelligence Summit Europe
    • Business Travel Accommodation Summit
    • Business Travel Tech Talk
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Strategic Meetings Summit
    • Sustainable Business Travel Summit Europe
    • VIEW ALL EVENTS
  • SUBSCRIBE
  • NEWSOpen Menu
    • Accommodation
    • Air Travel
    • Ground Transport
    • Management
    • Meetings
    • On the Move
    • Payment & Expense
    • Technology
    • TMC & Distribution
    • Travel Procurement
    • Recent Issues
  • FEATURESOpen Menu
    • View All Features
  • CONVERSATIONSOpen Menu
    • Interviews and Q&As
    • Guest columns
    • Podcasts
    • VIEW ALL CONVERSATIONS
  • RESOURCESOpen Menu
    • Powered Up: The travel tech of today & tomorrow
    • The Future of Meetings
    • Smart Money: Cards, payments & expenses
    • The Journey Towards Sustainable Business Travel
    • Safety Measures: Risk, duty of care & wellbeing
    • Stepping It Up: Small & midsized travel programmes
    • Diversity, Equity & Inclusion in business travel
    • Business Travel Rebooted
    • New Horizons: The 2022 sourcing guide
    • Wheels in Motion
  • EVENTSOpen Menu
    • Webinars
    • Business Travel Show Europe
    • Business Travel Show Europe Kick Off
    • Business Travel Awards Europe
    • Business Travel Intelligence Summit Europe
    • Business Travel Accommodation Summit
    • Business Travel Tech Talk
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Strategic Meetings Summit
    • Sustainable Business Travel Summit Europe
    • VIEW ALL EVENTS
  • SUBSCRIBE
Business Travel News Europe
  • Business Travel News Europe on Twitter
  • BTN Europe on LinkedIn
  • BTN Europe on Facebook
  • NEWS
    • Accommodation
    • Air Travel
    • Ground Transport
    • Management
    • Meetings
    • On the Move
    • Payment & Expense
    • Technology
    • TMC & Distribution
    • Travel Procurement
    • Recent Issues
    SubscribeBTN Europe NewsletterBTN Europe Magazine
  • FEATURES
    • View All Features
    Traveller communicationsChanging channels
    2023 Hotlist BTN EuropeThe 2023 Hotlist
    Shanghai ChinaThe great reopening of China?

  • CONVERSATIONS
    • Interviews and Q&As
    • Guest columns
    • Podcasts
    • VIEW ALL CONVERSATIONS
    David DuffyHow the EU has fixed ESG
    Helen HodgkinsonLet payments shine a light on your environmental impact
    John Sturino, vice president of product and technology, EgenciaWhy business travellers need more control over their trips
  • RESOURCES
    • Powered Up: The travel tech of today & tomorrow
    • The Future of Meetings
    • Smart Money: Cards, payments & expenses
    • The Journey Towards Sustainable Business Travel
    • Safety Measures: Risk, duty of care & wellbeing
    • Stepping It Up: Small & midsized travel programmes
    • Diversity, Equity & Inclusion in business travel
    • Business Travel Rebooted
    • New Horizons: The 2022 sourcing guide
    • Wheels in Motion
    Tools & ResourcesEurope's Leading TMCs 2022Booking tools – the essential guideCorporate Travel Index EuropeTravel entry requirementsBTN Europe podcastsBTSE Kick Off - CEO InterviewsRecent issues of BTN Europe
  • EVENTS
    • Webinars
    • Business Travel Show Europe
    • Business Travel Show Europe Kick Off
    • Business Travel Awards Europe
    • Business Travel Intelligence Summit Europe
    • Business Travel Accommodation Summit
    • Business Travel Tech Talk
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Strategic Meetings Summit
    • Sustainable Business Travel Summit Europe
    • VIEW ALL EVENTS
    Business Travel Show Europe Kick Off

    Business Travel Show Europe Kick Off, 23 February,

    7th Annual Global Travel Risk Summit Europe

    Global Travel Risk Summit Europe, April 2023,

    Sustainable Business Travel Summit Europe

    3rd Annual Sustainable Business Travel Summit

  • SUBSCRIBE

Air Travel

Iberia and Vueling agree €1bn Spanish government loan

By Molly Dyson / 4 May 2020 / Contact Reporter
Share

British Airways’ owner International Airlines Group (IAG) has said its Iberia and Vueling carriers have signed financing agreements worth more than €1 billion with the Spanish government, drawing criticism from unions representing the 12,000 BA workers set to be made redundant in the UK.

The deal will see Iberia get €750 million and its low-cost sister airline Vueling €260 million guaranteed by the Instituto de Credito Oficial (ICO), the Spanish public bank. IAG said the loans are within the legal framework set up by the Spanish government to mitigate the impact of Covid-19.

The news was criticised by the UK’s Unite union, which represents some of the 12,000 BA employees that are at risk of losing their jobs after the airline refused to turn to taxpayer-backed bailouts to survive the pandemic.

National officer for aviation Oliver Richardson said: “The fact that Iberian airlines is seeking support from the Spanish government should be welcomed and is a common sense approach to preserving jobs and services following the immense damage the Covid-19 pandemic has caused to the aviation sector.

“What is concerning is that the parent company IAG is not seeking a similar solution for British Airways. This is another gross insult to the UK workforce that BA plans to send to the dole. We appeal to IAG to give our members the same support as they are giving to their Spanish employees.

“Rather than seeking to preserve jobs and workers’ terms and conditions and act for the good of the UK aviation sector, British Airways is guilty of an act of smash and grab opportunism. This is designed to boost its profits in the future and to try to force other operators out of the UK aviation sector.”

More Air Travel
Related
Busy airportEurope’s airports welcomed 2 billion travellers in 2022
British Airways agrees codeshare with South Africa’s AirlinkBritish Airways agrees codeshare with South Africa’s Airlink
Hydrogen passenger flights could start from Rotterdam in 2025Zero-emission passenger flights could start from Rotterdam in 2025
Business Travel News EuropeBusiness Travel News Europe
  • About us
  • Contact us
  • Advertise
  • EDITORIAL CALENDAR
  • Business Travel Show Europe
  • Business Travel News Europe on Twitter
  • BTN Europe on LinkedIn
  • BTN Europe on Facebook
BUSINESS TRAVEL NEWS EUROPE
NORTHSTAR TRAVEL GROUP
Business Travel News
  • About us
  • Contact us
  • Advertise
  • Editorial calendar
  • Editorial guidelines
  • Subscribe to BTN Europe
  • Subscribe to BTN U.S.
  • Subscribe to Travel Procurement
  • Privacy policy
  • Terms & conditions
Northstar Travel Group
  • Corporate travel
  • Business Travel Show
  • Business Travel Awards
  • BTN U.S.
  • The Beat
  • Travel Procurement

  • Travel Technology
  • Travel Tech Show
  • Phocuswire
  • Phocuswright
  • Intelliguide
  • Meetings & incentives
  • M&IT
  • AMI
  • ConventionSource
  • M&IT Awards

  • Retail travel
  • Travel Weekly
  • Travel Pulse

  • Northstar Travel Group
  • View all Northstar brands
BTNGroup
Business Travel News EuropeBusiness Travel NewsTravel ProcurementThe BeatBusiness Travel Show Europe
Northstar Travel Group
Copyright ©2022, Northstar Travel Media Ltd, The Epworth, 25 City Road, London EC1Y 1AA, UK
RRManagement rrtestprocurement