31st Oct 2015 09:39
LONDON (Alliance News) - Ryanair PLC and International Consolidated Airlines Group SA, are close to signing a collaboration agreement, The Times reported late Friday.
IAG Chief Executive Willie Walsh revealed that meetings had taken place with Ryanair executives to come to an agreement whereby the budget airline?s extensive European network would feed passengers into Aer Lingus?s transatlantic services out of Dublin, the newspaper reported.
IAG, owner of British Airways and Spain's Iberia, acquired Irish flag carrier Aer Lingus this year, with Ryanair's agreement in August to sell to IAG its own 29.8% stake in Aer Lingus being the final piece of the puzzle that got the deal done.
According to The Times, Walsh said that the talks had identified commercial possibilities in connecting Ryanair's flights between Poland and Ireland and offering travellers connections to fly to seven locations to which Aer Lingus flies in North America. At present, Ryanair does not interline, as such an arrangement is know, with any carrier, the paper said.
http://www.thetimes.co.uk/tto/business/industries/transport/article4601062.ece
The Time report comes after IAG published third-quarter results on Friday. IAG guided to slightly higher operating profit for the full year, following on from approving the first dividend since its creation in 2011, but shares in the carrier fell as analysts said the upgrade to guidance only brought it in line with market consensus.
By Tom Waite; [email protected]; @thomaslwaite
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