Friday August 14, 2020

Walsh ‘may have to split up IAG to get state support’

As Aer Lingus and British Airways shed large numbers of jobs, subsidiaries of IAG may be separated out so local governments could help particular airlines

Barry J Whyte

Chief Feature Writer

@whytebarry
21st June, 2020
Aer Lingus jets on the tarmac at Dublin Airport along with Willie Walsh, IAG chief executive: major lockdown difficulties for the group. Picture: Bloomberg

Willie Walsh, the chief executive of IAG, may be forced to separate out some of the group’s subsidiary airlines in a bid to access the type of state support other rivals are benefitting from, an industry analyst has warned.

It comes as IAG, which owns Aer Lingus in Ireland and Vueling in Spain, has begun a ferocious, group-wide cost-cutting to deal with the months-long interruption in air travel caused by the Covid-19 lockdown.

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