new 75,000 Iberia Chase Credit card, World Airways still to launch with A320s?, Lufthansa’s record profits
– someone at the IAG board must have been blown away by the JP Morgan Chase investment banker types latest slides – after many years of a lackluster British Airways card Chase had launched a new Iberia credit card and is planning on a similar Aer Lingus credit card launch soon (may we hold our breath for the OpenSkies, Vueling and LEVEL cards too?)
If you have the Chase British Airways Executive Club card you will instantly recognize the similarities of the offer – 50,000 Avios after $3,000 in spend and another 25,000 Avios after $10,000 in spend.
There is a $1,000 companion ticket after $30,000 spend (not worth it) and the 10% discount for purchases within the group at iberia.com/Chase10.
The card is not subject to 5/24 and therefore open to a much wider audience.
– World Airways (yes that start-up that wanted to launch 787 service from the Miami hub to South America) is now likely launching with A320s
Raising money for a brand new airline is rough and every investor will push you to a smaller model (i.e. one A320 leased for charter operations to test your operations) – let’s hope World Airways finds a stronger (and more motivated investor)
– not surprising after the Air Berlin demise – Lufthansa’s profits have taken to the skies
“We have a nice problem – too many passengers and too few planes,” Chief Executive Carsten Spohr said.
Lufthansa is in final talks with Niki Lauda on leasing crewed planes from his Laudamotion airline, Spohr said.
Former racing driver Lauda bought Niki, the airline he founded, after Lufthansa dropped its bid.
Lufthansa’s track record of staying in positive cash flow territory (especially with all the acquisitions over the years) is quite amazing.