British Airways & Iberia Merge
- Thread starter derg
- Start date
We ought to start that rumor.
Remember, when you were commuting home, you sat next to the VP of stations for Eagle (I know, I know, just work with me here) and he was looking at a crew lounge location at LHR and visa requirements for TDY pilots.
DOOWITT!!
Remember, when you were commuting home, you sat next to the VP of stations for Eagle (I know, I know, just work with me here) and he was looking at a crew lounge location at LHR and visa requirements for TDY pilots.
DOOWITT!!
PeanuckleCRJ
Poodle Wrangler
Wow!
RA in last month's meeting of the borg stated that he wants to see at least 1 or 2 mergers in the EU... there's one.
The guy is smart....
btw, rumors of DL hiring are scurrying around!
RA in last month's meeting of the borg stated that he wants to see at least 1 or 2 mergers in the EU... there's one.
The guy is smart....
btw, rumors of DL hiring are scurrying around!
I've probably been behind the yoke maybe twice in the last 30 days so I'm a little detached from the rumor mill!
PeanuckleCRJ
Poodle Wrangler
bike21
9-5 Ruins Lives
how's that go again?
Crap, I even misspelled it!
tonyw
Well-Known Member
BA and Iberia Agree to Merge
Who's next?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJn_DQvhFM24
British Airways Plc agreed to a $7 billion merger with Spanish carrier Iberia Lineas Aereas de Espana SA, ending more than a year of talks on a tie-up aimed at fighting a slump in travel and closing the gap with competitors.
Under the all-share deal, British Airways investors will own about 55 percent of the business, to be led by Willie Walsh, the U.K. carrier’s chief executive, the companies said. The merger won’t be completed until late 2010 and can be called off by Iberia if BA fails to resolve pension-deficit issues.
And I like the comments from Ryanair's CEO.
“It reminds me of two drunks leaning on each other,” Michael O’Leary, CEO of Ryanair Holdings Plc, Europe’s largest discount carrier, said in an interview. “If you put one high- fare, loss-making airline together with another high-fare, loss- making airline, you will get an airline with higher fares making much bigger losses.”
Who's next?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJn_DQvhFM24
British Airways Plc agreed to a $7 billion merger with Spanish carrier Iberia Lineas Aereas de Espana SA, ending more than a year of talks on a tie-up aimed at fighting a slump in travel and closing the gap with competitors.
Under the all-share deal, British Airways investors will own about 55 percent of the business, to be led by Willie Walsh, the U.K. carrier’s chief executive, the companies said. The merger won’t be completed until late 2010 and can be called off by Iberia if BA fails to resolve pension-deficit issues.
And I like the comments from Ryanair's CEO.
“It reminds me of two drunks leaning on each other,” Michael O’Leary, CEO of Ryanair Holdings Plc, Europe’s largest discount carrier, said in an interview. “If you put one high- fare, loss-making airline together with another high-fare, loss- making airline, you will get an airline with higher fares making much bigger losses.”
