The aviation behemoth has turned into a bargain hunter amid the COVID-19 pandemic and realised that $1.6 billion is probably too much to pay for an airline right now.

If this week’s Aviation Wrap was a type of aircraft, it would be an Antonov An-225 Mriya. Meaning it’s got a buttload of news.

Still playing catch-up on all the appointments and resignations this summer? Let this comprehensive rundown provide a much-needed boost.

Heading to Spain in the coming year? Chances are you’ll end up on an IAG-owned jet upon completion of this new deal.

“It will remain an iconic Irish brand with its base and management team in Ireland but will now grow as part of a strong, profitable airline group.”

A major aviation player has swooped in to claim its stake in the Irish carrier.