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Iberia Airlines or Iberia, full name Iberia Airlines of Spain (Spanish: Iberia, LÃneas Aéreas de España, S.A.), (BMAD: IBLA), also commonly known as Iberia, is the largest airline of Spain, based in Madrid and is the Spanish flag carrier. It operates an extensive international network of services. Its main bases are Madrid Barajas International Airport and Barcelona International Airport.