13-Nov-2009 2:22 PM
British Airways and Iberia establish MoU for merger by late 2010
Analysis
Shares in Iberia soared (+11.8%), while British Airways (BA) surged (+7.5%) yesterday, as the carriers announced the Board of Directors agreed on a binding MoU, setting out the basis for a proposed merger of the two carriers to create a new European airline group.
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