|
|
TUESDAY JULY 29
BA-Iberia, Sittin’ In A Tree? For years, British Airways and Spain's Iberia have shadowboxed each other on the merger circuit. Nothing ever came of it. But with the economy in fits and fuel prices in the stratosphere, the two airlines are now reconsidering. Find out where things stand as the news breaks. July 2008British Airways and Spain's Iberia are holding talks on a possible merger, the two airlines have said. The firms said the British Airways and Iberia brands would be retained as part of a combined group. BA boss Willie Walsh said the proposed merger would help the airlines in the current economic environment. The companies said it would take several months to reach an agreement on the terms of the merger. The news boosted BA's share price by 8%.
NO COMMENTS YET
ADD YOUR COMMENT
Scan this issue:
Next article » Fight Or Flight? Previous article « Goldman Finally Pushed Into Subprime Snake Pit? |
|
