Iberia, at long last, confirmed it will launch a low-cost airline to compete with the ever-growing herd of LCCs operating to and within Spain. The still nameless no-frills carrier will be based at Barcelona International Airport and is due to launch in October with five aircraft. The aim is to increase this number to 30 by the end of 2008, when a listing will be considered. It will be a standalone company with independent management "so as not to contaminate the new airline with Iberia's ...

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