Iberia Express is a low-cost airline owned by International Airlines Group, that started operations on 25 March 2012. Its head office is in the Iberia head office in ChamartÃn, Madrid.The launch of the airline was announced by IAG on 6 October 2011, designed to operate short- and medium-haul routes from Iberia"s Madrid hub and provide transfer feed onto Iberia"s long-haul network.Iberia was beset by strike action in late December 2011 by pilots concerned over a potential loss of jobs caused by the new airline. Aircraft from other Iberia routes are due to be switched to the new Iberia Express operations, operated by newly employed pilots and cabin crew. Iberia intend for the new airline to have a fleet of 40 aircraft in use by 2015. Iberia intend for the airline to cover routes operated at a loss by the main airline, running with lower operating costs.
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