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Miguel Praga

2419 posts
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IAG constituye la sociedad para que Level se emancipe de Iberia

✈️ Rafael Jiménez Hoyos to lead Level as CEO starting October 1. International Airlines Group (IAG) forms Fly Level Barcelona, a new entity with €3,000 capital and 60 employees, to operate independently post-AOC approval, started in November 2023. Level to expand its fleet to eight A330s from the current six. IAG aims to transform Barcelona's El Prat into a major intercontinental hub, where it currently holds a 46% market share.
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Inaudita ofensiva del sector desde varios frentes contra la ‘norma Marlaska’

🛈 Business organizations are racing to halt the implementation of Spain's new traveler registration law, set for October 1. Travel and hotel associations such as Ceav, Unav, Acave, Fetave, Cehat, Hosbec, Ashotel, and Fehm, alongside entities like Mesa del Turismo and CEOE, are urging the Ministry of the Interior for suspension. The decree, Real Decreto 933/2021, mandates sensitive data collection, sparking concerns over EU data protection compatibility and administrative burdens threatening numerous SMEs.
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El acierto de Aurelio Vázquez

🏨 In Mallorca, the former head of the Hotel Federation highlighted the issue of supply management in the hospitality sector rather than demand, emphasizing the need for quality and reinvestment. Stating that for over fifteen years, little to no action has been taken, he argues that high prices due to low supply and the importance of offering high-quality accommodations are key to the region's tourism success.
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Nueva disputa con Óscar Puente: Flixbus le acusa de vetar su acceso a España

🚌 Flixbus' VP for Western Europe, Pablo Pastega, accuses the Spanish Ministry of Transport, led by Óscar Puente, of systematically breaching European regulations by ignoring requests for internal cabotage (transporting passengers within Spain on international routes). This prevents Flixbus from operating routes like Badajoz to Toledo, limiting its operations in Spain to international journeys only, despite its rapid low-cost model expansion across Europe.
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Iberia adelanta el estreno del nuevo Airbus A321XLR

✈ Iberia will debut Airbus's A321XLR on European routes from October 26, initially between Madrid and London Heathrow, then Paris Charles de Gaulle. Daily Madrid-London flights run from October 27 to 31, and Madrid-Paris until November 13. The A321XLR's long-haul debut is set for November 14, with thrice-weekly Madrid-Boston flights, plus a fourth on an A330. On January 15, 2025, Iberia will operate six weekly flights to Washington DC. The airline's A321XLRs feature 182 seats across business and economy, with up to 60% more carry-on luggage space. Two aircraft are nearly ready, with eight total to be acquired, aiming to reach "previously unreachable" East Coast US and Canadian destinations. The A321XLR has an 8,700-kilometer range, 15% more than the A321LR, enabling transatlantic routes with significant fuel savings.
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Iberia, Plus Ultra y Air Europa sortean la crisis con Venezuela

🌍 Spanish airlines Iberia, Plus Ultra, and Air Europa maintain normal operations between Madrid and Caracas despite tensions, after Spain granted asylum to opposition leader Edmundo González. Five airlines currently operate the Madrid-Caracas route, including Iberojet for Estelar and Portugal's Hi Fly for Láser. Venezuela's National Assembly President, Jorge Rodríguez, threatened to halt flights and commercial activities with Spain, but the airlines have faced no disruptions, continuing regular flights throughout the summer amid the fallout from Venezuela's presidential election results on July 28.
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Boeing ha de pagar 150 millones a Embraer por la compra fallida

💸 Boeing has to pay $150 million to Brazilian company Embraer for the cancellation of a majority stake acquisition in 2020, as per an agreement signed earlier. Initially, in 2018, Boeing agreed to acquire 80% of Embraer's capital for $4.2 billion to enter the regional aircraft market and compete with Airbus' A220. The settlement, occurring four years after the failed deal, releases Boeing from any further claims. Embraer has not disclosed any details beyond the settlement amount, which was agreed upon on September 16.
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El SAF como proyecto de país: oportunidad histórica para España

📊 Cepsa, Iberia, Iberia Express, Vueling, and BIOCIRC presented a report outlining 16 measures to boost Sustainable Aviation Fuel (SAF) production and consumption in Spain. The plan includes a €22 billion investment in SAF production facilities, an expected creation of 270,000 jobs by 2050, and a projected €13 billion GDP impact from construction, plus €42.851 billion from plant operations. The proposal seeks to position Spain as a European hub for SAF and sustainable tourism, requiring regulatory framework and cost-sharing for affordability, given SAF costs 3-5 times more than fossil-based kerosene.
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El seguro, un gran negocio al rebufo del auge turístico

💰 In 2023, the travel insurance market reached $22.45 billion, a significant increase post-pandemic. Travel insurance, often mandatory for visas, safeguards tourists against costly contingencies, especially health-related. Dominated by specialized companies, the market experienced a 13% growth over 2022 and is expected to grow further in 2024. Europe holds the largest market share, with 48% revenue from individual tourists. The fastest-growing segment is study travel insurance, while the industry focuses on simplifying offerings with pre-packaged products.
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