BA, Iberia to merge
Nov 12th, 2009 | 12:36 PM
#1
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Joined: Jan 2003
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BA, Iberia to merge
Word is out today that the British Airways and Iberia boards have agreed to merge, with the current CEO of BA to be the CEO of the new company, and BA to control 55% of stock v. 45% for Iberia. Details are still emerging.
http://www.telegraph.co.uk/finance/n...ia-merger.html
http://www.telegraph.co.uk/finance/n...ia-merger.html
Nov 12th, 2009 | 08:24 PM
#4
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Joined: Jan 2003
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Sure, there's plenty of speculation; but nothing public. Early days.
But AA's focus right now appears on (a) getting anti-trust indemnity for its JV with BA/IB (IBBA? Briberia?) and (b) working to keep JAL in Oneworld and out of the clutches of DL/NW.
But AA's focus right now appears on (a) getting anti-trust indemnity for its JV with BA/IB (IBBA? Briberia?) and (b) working to keep JAL in Oneworld and out of the clutches of DL/NW.
