Iberia Plus has number of destinations from Madrid to mainly Latin America on sale in business class for 50% off of the usual number of Avios required.
The ticket must be issued by February 14 and travel must be completed by March 31, 2014.
You can access Iberia’s web page for this offer here. Note that you must first log into your Iberia Plus account before you can open the link.
Here’s the list of eligible cities:
Bogotá, Lima, Santiago de Chile, Río de Janeiro, Sao Paulo or Luanda
Note that the discount only applies for direct flights from Madrid.
Display for Madrid – Lima
The Iberia.com award search is not very good, so I used BA’s one instead. I was able to locate days where business class award seats were available and then pull up the price on Iberia’s website.
The award discount prices just fine and Iberia has rather reasonable fuel surcharge on award tickets that would be 70 euros in this instance.
Iberia has many promotions for earning and burning Avios that are best suited for those that can use them from Europe. You can always transfer British Airways Avios to your Iberia Plus account once it has been open for couple of months.
Here are the terms and conditions of this offer:
Promotion Period: Purchase: From 7th February to 14th February, 2014. Fly from 7th February to 31st March, 2014.
Conditions: Valid promotion in Business Class between Madrid and Bogotá, Lima, Santiago de Chile, Río de Janeiro, Sao Paulo or Luanda. Valid offer using Avios for bookings made exclusively through Iberia. Valid for direct flights using Avios with Iberia on Business Class (U). Flights operated by Iberia. Not valid for IB4XXX, IB5XXX or IB7XXX and flights of series IB3000 to IB3999.. These offers do not include taxes and issuing fees. This offer cannot be combined with others in the same period and destination. This promotion does not apply to those flights out of the mentioned period