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BA considering merger with Iberia

Leadership

BA considering merger with Iberia

12.11.2009
British Airways (BA) has today confirmed that it is considering a potential merger with Spanish airline Iberia.

Shares in both airlines rose this morning on speculation that a merger was close at hand.

BA issued a statement today in response to the speculation which said that both the BA and Iberia boards were 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,” the airline added.

BA and Iberia have been in talks over a merger for over a year.

 

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