BA and Iberia agree merger

British Airways and Iberia agreed on the 12 November 2009 the terms of a merger to create Europe’s third-largest airline by revenue, one of the biggest deals in the global aviation industry.

But the two airlines have agreed that Iberia will be able to terminate the accord if it is unhappy with BA’s handling of its swollen pension scheme, which has been one of the sticking points in the deal, first announced in July 2008.

Iberia: Press Release, 12.11.09: British Airways and Iberia agree MOU for proposed merger of equals http://grupo.iberia.es/portal/site/grupoiberia/menuitem.5d6eca7f0ce74dddf54c0f10d21061ca/?id_noticia=cdf63367cd9e4210VgnVCM200000940216ac____

Deutsche Welle, 13.11.09: British Airways and Iberia agree to merge http://www.dw-world.de/dw/article/0,,4888471,00.html

BBC News, 12.11.09: BA and Iberia hold merger talks http://news.bbc.co.uk/1/hi/business/8356780.stm

France24, 12.11.09: British Airways and Iberia begin merger process http://www.france24.com/en/20091112-british-airways-iberia-merger-aviation-europe-air-france-lufthansa-europe-business?autoplay=

ESO: Background information: BA still hopes to conclude Iberia deal http://www.europeansources.info/record/ba-still-hopes-to-conclude-iberia-deal/

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