Spanish court finds in favour of Iberia Express
Spain´s top tribunal has declared null and void the court ruled arbitration which brought the conflict between Iberia -IAG´s Spanish subsidiary- and its main pilots union -SEPLA- to a premature end.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
As of 16:03 shares of IAG are rising by 0.7% to 170.3p.
AB
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
How to invest in nuclear power
We need nuclear power to go green, says Dominic Frisby. But there is a better option than huge power stations
By Dominic Frisby Published
-
Chase slashes its easy-access savings rate – is it time to switch?
The Chase easy-access savings account has proved popular with savers thanks to its competitive rate and bonus deals. But, as the rate has dropped, has it lost its charm?
By Katie Williams Published