Other News - 08/27/2009

Iberia announced the reorganization of its management structure including splitting its airline division into a Commercial and Clients division "focusing on generating income" and a Production Division "charged with enhancing profitability." The former will be led by Maintenance and Engineering Division Manager Manuel Lopez Aguilar and the latter by Production Management Unit head Juan Bujia. The former Airline Division led by Enrique Donaire has been dissolved. A new Purchasing and Services Division led by Jose Maria Fariza will be asked to "rationalize expenditures." The new Maintenance and Engineering Division will be headed by Jose Luis Ruiz de Castaneda de la Llave.