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 to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

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

AB