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 ...

Subscribe to Access this Entire Article

"Iberia ready to test LCC waters" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.