IAG’s board has approved the launch of Iberia’s new subsidiary airline Iberia Express which will operate part of Iberia’s short and medium haul network. The subsidiary is being established to compete effectively in the Spanish domestic and European market. Over time it will look to develop new markets and destinations and strengthen the Madrid hub, creating new jobs for the Spanish economy. Iberia Express will start operations in summer 2012 offering business and economy seats at competitive fares from Madrid Barajas. In addition to direct traffic, it will also provide transfer feed onto Iberia’s longhaul network. The subsidiary will have a single A320 fleet with four aircraft initially and 13 aircraft by the end of 2012. All the aircraft will be sourced from Iberia’s existing fleet.
Boeing set to manufacture 184 AH-64E Apaches for the U.S. Army and overseas users
Boeing has confirmed it is to build 184 AH-64E Apaches for the U.S. Army as well as several international customers. This will include the first Apaches for Australia. This latest award, valued at US$1.9 billion, will bring the total current funded value of the contract to US$2.1 billion. Future obligations have the potential to see