Originally Posted by
wiggy
..and I think you'll find in turn that statement will come as something of a surprise to many working at BA, Vueling, Iberia....
From Wikipedia.
I've highlighted the pertinent sentence in bold for you.
International Consolidated Airlines Group, S.A., often shortened to
IAG, is an Anglo-Spanish
multinational airline
holding company with its registered office in Madrid, Spain and its operational headquarters in London, UK. It was formed in January 2011 after a merger agreement between
British Airways and
Iberia, the
flag carrier airlines of the United Kingdom and Spain respectively. As British Airways was the larger company, those holding shares in British Airways at the time of the merger were given 55% of the shares in the new, merged company.
British Airways and Iberia ceased to be independent companies and instead became 100% owned subsidiaries of IAG.