Air Transport World

Viva Viva! Iberia-owned now-scheduled airline plans to fly to low-yield second airports in Europe.

LONDON-VIVA Air, the charter airline formed jointly by Iberia and Lufthansa in 1987, recently underwent a complete restructuring to re-emerge as a mainly scheduled carrier, with Iberia owning 98% of the shares.

The parting with Lufthansa was amicable, according to VIVA President Manual Rodriguez-Gimeno, who said in an interview here that the change in the structure was brought about when Iberia identified VIVA as an airline that would meet its plans to develop a second-level carrier to fly scheduled routes that were too thin for its own operations.

Lufthansa was informed of the Spaniards' intentions early last year but the German airline indicated that it was not interested in being party to the new framework on grounds that a scheduled-service VIVA would provide competition to its own services and because under the Iberia plan, which was to take up to 79% of the shareholding, Lufthansa would have lost control-previously, Iberia and Lufthansa each had a 48% stake. …

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