In January 2011 BA merged with Iberia, creating the International Airlines Group (IAG), the world's third-largest airline group in terms of annual revenue and the second-largest in Europe.
In January 2011 BA merged with Iberia, creating the International Airlines Group (IAG), a holding company registered in Madrid, Spain. IAG is the world's third-largest airline group in terms of annual revenue and the second-largest in Europe.