IAG

The U.K.'s Civil Aviation Authority (CAA) has put a damper on the timing of expansion at London Heathrow, the country's busiest airport. The CAA expects a third runway to open between early 2028 and late 2029, subject to planning permission, rather than the original target of 2026, saying a longer...

International Consolidated Airlines Group (IAG), the parent of British Airways and other carriers, on Nov. 4 said it reached an agreement for subsidiary Iberia to acquire Air Europa from privately held Globalia, Spain's largest tourism group, for €1 billion ($1.1 billion). The all-cash acquisition...