Vueling A320. By Rob Finlayson International Airlines Group (IAG), parent company of British Airways and Iberia (IB), has confirmed it is planning to launch a formal cash takeover bid for Spanish carrier Vueling (VY) in early 2013, valuing the airline at €209 million ($268 million). IAG is seeking to acquire 54.15% of VY which, when combined with an existing stake held by IB, will give it full control of the airline. The news follows an earlier announcement that IAG was ...

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