raising its offer per share from €7 to €9.25. Vueling shares quickly surged following the announcement, rising by 8.8% to €9.23 following a temporary suspension as BMAD waited on an official comment from Vueling regarding the updated offer. The acceptance period was also increased by 48 calendar days. On 9 April 2013, the board of Vueling unanimously recommended shareholders accept an improved offer of €9.25 per share from IAG. IAG CEO Willie Walsh confirmed that the board had recommended the new offer; however, Walsh also stated that Vueling would not be merged with Iberia, saying, "Vueling will operate as a stand-alone entity in IAG group." On 23 April 2013, IAG acquired control of Vueling, which saw the recently purchased 44.66% stake by IAG merged with Iberia's existing 45.85% stake to form a 90.51% shareholding. Vueling remains a standalone company now within the IAG, and its management structure is unchanged; however, Vueling's CEO reports directly to IAG CEO Willie Walsh. Frequent flyer programme Vueling's frequent flyer programme is Vueling Club, which allows members to earn and redeem Avios for award flights or fare discounts on Vueling and IAG airlines Aer Lingus, British Airways, Iberia, and Level, and for award travel on Oneworld airline alliance partners. Vueling Club replaced Vueling's original programme, Punto (Spanish for point), on 27 October 2017, after being announced prior in August 2017. Punto allowed account holders to earn and redeem points for Vueling flights. Destinations Codeshare agreements Vueling has codeshare agreements with the following airlines: Aer Lingus British Airways Iberia Level LATAM Brasil Qatar Airways Fleet , the Vueling fleet consists of the following aircraft: References External links Airlines of Spain Low-cost carriers Companies based in Catalonia European Low Fares Airline Association Spanish brands Airlines established in 2004 International Airlines Group Apax Partners companies Spanish companies established in 2004 El Prat de Llobregat