By Anthony O. Goriainoff
International Consolidated Airlines Group said Friday it had agreed to launch a buyback program of up to 35 million euros ($38.3 million) for share awards to executives and employees under its share-based incentive plans.
The London-listed airline group–which operates Iberia and British Airways among others–said the program would start on June 16 and end no later than Aug. 31., and that it would acquire a maximum of up to 15 million shares, representing 0.3% of its share capital.
Shares at 0812 GMT were down 0.05 pence, or 0.03%, at 165.85 pence.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
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