Iberia Airlines Designates $300 Million Dollars for Projects in Latin America

Iberia Airlines Designates $300 Million Dollars for Projects in Latin America
Dominican Republic, Santo Domingo, 06/10/2011

Spain’s major airline, Iberia, which provides the most Latin American connections than any other company in Europe, announced it will invest nearly $300 million dollars to modernize its flights to Latin America, according to Spain’s economic press.

The Spanish airline company intends to offer a “new face” in its tourist class by bumping up the quality to the level of other European lines that also serve travelers to and from Latin America.

Iberia, which merged with British Airlines less than a year ago, wants to revamp its flights to Latin America and equip its planes to better compete with other airlines.

The Spanish airline company intends to offer a “new face” in its tourist class by bumping up the quality to the level of other European lines that also serve travelers to and from Latin America.

In recent months, Iberia has put on four new flights to Latin destinations, which brings the total number of flights to the region up to 21 with an average of 266 flights per week.

Iberia and British Airways, which are part of the International Airways Group (IAG), together control 25.8% of the market that connects Europe and Latin America followed by Air France-KLM, which handles 17.7 percent.