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UPDATE: Many thanks to reader Guillermo for clarifying that the promotion seems to only be currently available for Iberia Plus accounts registered with a Spanish address:
“I have checked the account of every body in my family, those registered in Spain got the promo, those registered in other countries didn’t.I have tried changing the country in those accounts but it didn’t work.”
He also kindly provided a screenshot showing the discounted rates:
42,500 Avios + £155 for return Business Class flights to Lima is an incredible deal!
We will try and run some experiments over the next couple of days to see if changing the address on an Iberia Plus account to a Spanish one will unlock the discount, or whether new accounts with a Spanish address can benefit from the promo, so keep an eye on InsideFlyer for further updates…
Spanish-language points/miles blog Ultima LLamada is reporting that Iberia Plus members can get a massive 50% discount on ALL award redemptions between certain dates.
Google translated version of the key points:
“From today until February 10, you can buy flights with a 50% discount on Avios to travel to any Iberia, Iberia Express or Air Nostrum destination between February 1 and April 15, 2019.