Iberia, part of International Airlines Group (IAG), announced a €6 billion investment plan called Plan de Vuelo 2030 aimed at strengthening its position in Madrid and expanding its fleet over the next decade. The airline plans to allocate 70% of the investment toward acquiring new aircraft, including the addition of 25 new long-haul planes and a 55% increase in its long-range fleet. Iberia also intends to renew its short- and medium-haul fleet and aims to boost its recurring operating profit by 40%. A key component of the plan is the development of Ciudad Iberia, a new facility to be built in the La Muñoza maintenance area near Madrid-Barajas Airport, with a budget of €600 million. This initiative seeks to establish Madrid as a major European hub, especially following the unsuccessful acquisition of Air Europa. Separately, Aena, the Spanish airport operator, plans to invest an additional €351 million in Spanish airports through 2026.