Iberia

Iberia Líneas Aéreas de España, S.A., commonly known as Iberia, is the flag carrier airline of Spain. It operates an international network of services from its main bases of Madrid-Barajas Airport and Barcelona El Prat Airport. Iberia, with Iberia Regional (operated by an independent carrier Air Nostrum), is a part of Iberia Group.
Iberia, Compañía Aérea de Transportes was incorporated in 1927. Flight operations started in December 1927. Within a year, the company was sponsored by the Spanish government to provide postal transport between Madrid and Barcelona. During the Spanish Civil War, it became a purely domestic airline. The airline was nationalised in 1944. In 1946, it was the first airline to fly between Europe and South America. 
In the late 1980s/early 1990s, Iberia also began to build up interests in other Spanish airlines – Aviaco, Viva Air, Binter Canarias and Binter Mediterraneo and Latin American airlines – Aerolineas Argentinas, Viasa and Ladeco.
In 1987 Iberia together with Lufthansa and Air France founded Amadeus, an IT company that would enable travel agencies to sell the founders and other airlines’ products from a single system.
During 2001 Iberia was privatised. In 2006 the new Terminal 4 at Madrid Barajas was given over to Iberia and the Oneworld alliance members.
In 2009, Iberia reached an agreement to merge with European rival British Airways. This merger was completed in 2010, creating the International Airlines Group. Both airlines will continue to operate under their current brands.
Source: Wikipedia

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