International Consolidated Airlines Group SA ADR(ICAGY)- OTCPK - Current
  • Jul. 15, 2015, 3:11 AM
    • International Airlines Group's (OTCPK:ICAGY) €1.4B takeover of Aer Lingus (OTC:AIRXY) has cleared its final hurdle after getting the green light from the European Commission.
    • To gain the approval, IAG had to give up five daily take-off and landing slots at London's Gatwick airport and guarantee that Aer Lingus would maintain connecting flights to competing airlines.
    • Previously: Ryanair backs IAG's Aer Lingus offer (Jul. 10 2015)
    | Jul. 15, 2015, 3:11 AM
  • Jul. 10, 2015, 3:53 AM
    | Jul. 10, 2015, 3:53 AM
  • Jun. 25, 2015, 7:06 AM
    • British Airways-owner IAG (OTCPK:ICAGY) has offered concessions in an attempt to win EU approval for its plan to acquire a 25% stake in Irish rival Aer Lingus (OTC:AIRXY).
    • The European Commission will now decide by July 15 instead of July 1 whether to clear the deal.
    | Jun. 25, 2015, 7:06 AM
  • May 27, 2015, 1:48 AM
    • The Irish government has agreed to sell its 25% stake in Aer Lingus (OTC:AIRXY) to IAG (OTCPK:ICAGY), clearing the way for the owner of British Airways and Iberia to make a formal bid for the Irish carrier.
    • IAG's proposed €1.36B ($1.48B) offer for Aer Lingus was recommended by the Irish airline's board in January but is still conditional on receiving the support of its other main shareholder, Ryanair (NASDAQ:RYAAY).
    • Previously: IAG to press Aer Lingus bid with new proposals (Mar. 01 2015)
    | May 27, 2015, 1:48 AM
  • Mar. 1, 2015, 10:43 AM
    • British Airways owner IAG (OTCPK:ICAGY) will make "concrete proposals" to the Irish government next week to try and convince it to sell its 25% stake in Aer Lingus (OTC:AIRXY), the Sunday Business Post reports.
    • The Irish government rebuffed IAG's latest €1.36B bid last Tuesday, saying it needed more assurances on jobs and growth prospects before it would consider selling the stake.
    | Mar. 1, 2015, 10:43 AM
  • Feb. 23, 2015, 4:51 AM
    • Aer Lingus' (OTC:AIRXY) Central Representative Council, a trade union group representing the carrier, has reversed its position and said it will now back a takeover approach by IAG (OTCPK:ICAGY) after it laid out its growth plans for the Irish airline.
    • Aer Lingus' board recommended the €1.36B offer from the British Airways' parent last month, subject to the Irish government selling its 25%, but political and trade union opposition has been significant.
    | Feb. 23, 2015, 4:51 AM
  • Jan. 30, 2015, 4:33 AM
    • Further strengthening the ties between Middle East growth carriers and Europe’s aviation sector, Qatar Airways has acquired a 9.99% ($1.7B) stake in International Consolidated Airlines Group (OTCPK:ICAGY), the owner of British Airways and Iberia.
    • The transaction deepens the Qatar’s link with the London Heathrow hub; Qatar Holdings owns 20% of the airport operator.
    • IAG has also been reported to be looking at expanding its hold on London Heathrow with the potential takeover of Aer Lingus (OTC:AIRXY).
    | Jan. 30, 2015, 4:33 AM
  • Jan. 27, 2015, 6:15 AM
    • Aer Lingus (OTC:AIRXY) says its board of directors would be willing to recommend that shareholders accept the latest takeover bid from International Consolidated Airlines Group (OTCPK:ICAGY), the owner of British Airways and Iberia, if certain conditions were met.
    • The Irish carrier previously rejected two takeover offers late last year.
    • IAG needs to win the backing of budget airline Ryanair (NASDAQ:RYAAY), which holds a 29.8% stake in Aer Lingus, and the Irish government, which holds a 25.1% stake.
    • Previously: Aer Lingus considering sweetened bid from IAG (Jan. 26 2015)
    | Jan. 27, 2015, 6:15 AM
  • Jan. 26, 2015, 4:26 AM
    • Aer Lingus (OTC:AIRXY) is considering an improved €1.36B takeover proposal from International Consolidated Airlines Group (OTCPK:ICAGY), the third attempt by the owner of British Airways and Iberia to buy its Irish rival.
    • The proposal includes a cash offer of €2.50 per share and a cash dividend of €0.05 per share.
    • Buying Aer Lingus would give IAG more take-off and landing slots at London Heathrow Airport, the main hub of British Airways.
    • Previously: IAG returns with new bid for Aer Lingus (Jan. 25 2015)
    | Jan. 26, 2015, 4:26 AM
  • Jan. 25, 2015, 4:37 AM
    • International Consolidated Airlines Group (OTCPK:ICAGY), the owner of British Airways and Iberia, has made another takeover approach to Aer Lingus (OTC:AIRXY), offering €2.50 per share, or around €1.3B euros in total for the Irish airline, Sky News reports.
    • Buying Aer Lingus would give British Airways more take-off and landing slots at London Heathrow Airport and would likely improve the Irish carrier's profitability by combining some operations with those of IAG.
    • An acquisition would also need the backing of budget airline Ryanair (NASDAQ:RYAAY), which holds a 29.8% stake in Aer Lingus, and the Irish government, which holds a 25.1% stake.
    | Jan. 25, 2015, 4:37 AM