Search results
Results from the WOW.Com Content Network
British Airways and Iberia signed a preliminary merger agreement in November 2009. [9] [10] [11] In April 2010, British Airways and Iberia signed a full merger agreement, with an intended completion date of late 2010, subject to securing the necessary regulatory approvals.
Prior to merging, British Airways owned a 13.5% stake in Iberia, and thus received ownership of 55% of the combined International Airlines Group; Iberia's other shareholders received the remaining 45%. [94] The merger has been controversial. British Airways operates two funded principal-defined benefit pension schemes in the UK.
In July 2008, British Airways announced a merger plan with Iberia, another flag carrier airline in the Oneworld alliance, wherein each airline would retain its original brand. [29] The agreement was confirmed in April 2010, [ 30 ] and in July the European Commission and U.S. Department of Transportation permitted the merger and began to co ...
British Airways (BAIRY) and Spanish carrier Iberia announced their planned merger Thursday, a further consolidation in the struggling airline industry, and one that comes as word is spreading of ...
For premium support please call: 800-290-4726 more ways to reach us
In addition to merger talks with Iberia, it was announced on 2 December 2008 that British Airways was discussing a merger with Qantas. If British Airways, Iberia and Qantas were to combine as one company it would be the largest airline in the world. [214] However, on 18 December 2008, the talks with Qantas ended due to issues over ownership. [215]
The UK flag carrier British Airways was formed 45 years ago following the merger of four companies: British Overseas Airways Corporation, British European Airways, Cambrian Airways and Northeast ...
British Airways and Iberia. 2010 - International Airlines Group (IAG) was formed by the merger of two airlines. Both carriers continued to operate under separate brand. As IAG. 2011 - Acquired British Midland International; 2012 - Acquired Vueling; 2015 - Acquired Aer Lingus; 2022 - Acquired 20% of Air Europa