whatkindoffreshhell
Veteran
http://www.joc.com/node/414617
Carriers holding separate board meetings to finalize details
A merger between British Airways and Iberia moved closer Nov. 12 as the boards of the two carriers held separate board meetings to finalize details of the planned $7 billion deal.
Under the plan being discussed Thursday, BA would control 55 percent of the merged airline while Iberia would own the remainder, according to the Spanish carrier. BA already owns 13.5 percent of Iberia.
BA and Iberia would continue to operate as separate brands under a new operating company, mirroring the merger of Air France and KLM, to protect landing rights which are usually based on a carrier's nationality.
Uncle Bob Crandall should run this juggernaut!
Carriers holding separate board meetings to finalize details
A merger between British Airways and Iberia moved closer Nov. 12 as the boards of the two carriers held separate board meetings to finalize details of the planned $7 billion deal.
Under the plan being discussed Thursday, BA would control 55 percent of the merged airline while Iberia would own the remainder, according to the Spanish carrier. BA already owns 13.5 percent of Iberia.
BA and Iberia would continue to operate as separate brands under a new operating company, mirroring the merger of Air France and KLM, to protect landing rights which are usually based on a carrier's nationality.
Uncle Bob Crandall should run this juggernaut!