International Consolidated Airlines Group extends partnership with American Express

International Airlines Group

International Consolidated Airlines Group plc (LON:IAG) has announced that it has signed a multi-year renewal extending its worldwide commercial partnership with American Express.

Under the agreements American Express will make a payment to IAG Loyalty of approximately £750 million, a significant part of which is a pre-purchase of Avios points that American Express will utilise in the UK and world-wide for its British Airways co-branded cards and Membership Rewards Programme.

IAG Loyalty is a subsidiary of International Consolidated Airlines Group that offers a wide range of services to IAG airlines and business-to-business clients. These include the Avios reward currency for the British Airways Executive Club, Iberia Plus, Aer Club and Vueling Club customer programmes and loyalty management tools.

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