International Cons Airlines Group IAG and American Express extend global partnership
RNS Number : 9980T
International Cons Airlines Group
24 July 2020
IAG and American Express extend global partnership
International Airlines Group (IAG) announces that it has signed
a multi-year renewal extending its worldwide commercial partnership
with American Express.
Under the agreements American Express will make a payment to IAG
Loyalty of approximately GBP750 million, a significant part of
which is a pre-purchase of Avios points that American Express will
utilise in the UK and world-wide for its British Airways co-branded
cards and Membership Rewards Programme.
IAG Loyalty is a subsidiary of International Airlines Group that
offers a wide range of services to IAG airlines and
business-to-business clients. These include the Avios reward
currency for the British Airways Executive Club, Iberia Plus, Aer
Club and Vueling Club customer programmes and loyalty management
Chief Financial Officer
24 July 2020
This announcement contains inside information and is disclosed
in accordance with the Company's obligations under the Market Abuse
Regulation (EU) No 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact firstname.lastname@example.org or visit www.rns.com.
(END) Dow Jones Newswires
July 24, 2020 02:00 ET (06:00 GMT)