Spanish court finds in favour of Iberia Express

Spains top tribunal has declared null and void the court ruled arbitration which brought the conflict between Iberia -IAGs Spanish subsidiary- and its main pilots union -SEPLA- to a premature end.

The results of the above intermediation had been appealed by Iberias own low-cost subsidiary Iberia Express.

For the tribunals members that previous arbitration between Iberia and its pilots is null and void given that Iberia Express was at no point involved in the consultations. This despite the fact that the subsidiarys continuing existence had been at the core of the dispute from the start.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

As of 16:03 shares of IAG are rising by 0.7% to 170.3p.

AB