British Airways is being required to prove itself sufficiently British to remain in the FTSE 100 after its proposed merger with Iberia (Times Online, 05-May-2010). The new holding company for British Airways and Iberia, to be named International Airlines, will be incorporated in Spain and will also have a listing in Madrid, which, according to FTSE regulations, makes the carrier a Spanish entity. However, the headquarters of International Airlines will be in the UK and the airline will retain British Airways as a brand. In addition, the merged airline will be 56% owned by BA shareholders.
5-May-2010 11:08 AM