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12/11/2009
Iberia 'Da La Bienvenida A' BA
Spanish airline Iberia may soon be welcoming a new partner.
The UK carrier, British Airways, has confirmed it is considering a merger deal with Iberia with a view to operating from a Madrid HQ.
A British Airways statement said: "Further to recent market speculation, British Airways and Iberia boards are holding separate meetings today, to consider a potential transaction.
"However, no decisions have been taken and, at this time, there can be no guarantee that a transaction will be forthcoming.
"A further announcement will be made in due course, if appropriate."
Issues such as who will run the combined company - likely to be BA Chief Executive Willie Walsh - and where the company's headquarters will be are up for agreement but the expanded airline group is likely to be based in Madrid for tax purposes.
Both sides will continue to operate as individual airlines with their own brand names, however.
Iberia has also confirmed that the deal being discussed would make BA the slightly dominant partner in the deal.
The potential merger would give BA a 55% share in the merged company, while Iberia would own 45%.
(BMcC/GK)
The UK carrier, British Airways, has confirmed it is considering a merger deal with Iberia with a view to operating from a Madrid HQ.
A British Airways statement said: "Further to recent market speculation, British Airways and Iberia boards are holding separate meetings today, to consider a potential transaction.
"However, no decisions have been taken and, at this time, there can be no guarantee that a transaction will be forthcoming.
"A further announcement will be made in due course, if appropriate."
Issues such as who will run the combined company - likely to be BA Chief Executive Willie Walsh - and where the company's headquarters will be are up for agreement but the expanded airline group is likely to be based in Madrid for tax purposes.
Both sides will continue to operate as individual airlines with their own brand names, however.
Iberia has also confirmed that the deal being discussed would make BA the slightly dominant partner in the deal.
The potential merger would give BA a 55% share in the merged company, while Iberia would own 45%.
(BMcC/GK)
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29 July 2008
BA And Iberia In Merger Talks
The UK's 'flag-carrier' British Airways and Spanish airline, Iberia are holding talks with a view to an "all-share" merger. The deal would allow the companies to combine nearly all aspects of their operations including sales, purchases and marketing.
BA And Iberia In Merger Talks
The UK's 'flag-carrier' British Airways and Spanish airline, Iberia are holding talks with a view to an "all-share" merger. The deal would allow the companies to combine nearly all aspects of their operations including sales, purchases and marketing.
14 August 2008
BA, American Airlines And Iberia Deal Close
British Airways says it has sealed a deal with American Airlines and Spain's Iberia in a controversial merger. The alliance will allow the carriers to fix fares, routes and schedules together. It is understood the deal will help the carriers cut costs in the face of rising aviation fuel prices.
BA, American Airlines And Iberia Deal Close
British Airways says it has sealed a deal with American Airlines and Spain's Iberia in a controversial merger. The alliance will allow the carriers to fix fares, routes and schedules together. It is understood the deal will help the carriers cut costs in the face of rising aviation fuel prices.
13 February 2004
British Airways flights cancelled over security concerns
Cancellations of more flights over "security concerns" have prompted pilots and airline chiefs to question the quality of security intelligence. British Airways says it will axe flight BA 223, the now notoriously disrupted Washington to London service.
British Airways flights cancelled over security concerns
Cancellations of more flights over "security concerns" have prompted pilots and airline chiefs to question the quality of security intelligence. British Airways says it will axe flight BA 223, the now notoriously disrupted Washington to London service.
19 April 2012
British Airways Fine Cut By More Than Half
A fine imposed on British Airways for price-fixing has been cut by over half by the Office of Fair Trading (OFT). The original fine, imposed in 2007, was £121.5m, but the OFT has reduced that to £58.5m. The reduction is said to reflect recent legal developments over fines and BA's co-operation in the case.
British Airways Fine Cut By More Than Half
A fine imposed on British Airways for price-fixing has been cut by over half by the Office of Fair Trading (OFT). The original fine, imposed in 2007, was £121.5m, but the OFT has reduced that to £58.5m. The reduction is said to reflect recent legal developments over fines and BA's co-operation in the case.
26 March 2010
BA Prepares For Second Strike
British Airways will fly more than 75% of customers booked to travel between tomorrow and March 30, despite these four days being targeted for strikes by Unite. The airline said approximately 240,000 customers originally booked to travel in the strike period, the airline expects to fly more than 180,000.
BA Prepares For Second Strike
British Airways will fly more than 75% of customers booked to travel between tomorrow and March 30, despite these four days being targeted for strikes by Unite. The airline said approximately 240,000 customers originally booked to travel in the strike period, the airline expects to fly more than 180,000.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
