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IAG Extends Worldwide Commercial Partnership With American Express

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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