LONDON (dpa-AFX) - International Airlines Group (IAG.L) said that it has extended its worldwide commercial partnership with American Express.
As per the deals, American Express will make a payment to IAG Loyalty of about 750 million pounds, 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 Airlines Group that offers a wide range of services to IAG airlines and business-to-business clients. It includes 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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