British Airways states merger talks with Iberia have intensified
British Airways CFO, Keith Williams stated talks with Iberia regarding a potential merger have intensified (Bloomberg/Breaking Travel News, 14-Sep-09). The merger is expected to save the carriers over GBP200 million each.
British Airways: “We have met the Iberia management team on a few occasions now and the talks have picked up pace…If we follow what is being said in Spain and the economic slowdown they are seeing there, a number of commentators can now clearly see the benefits for Iberia in a merger.” Keith Williams, CFO. Source: Bloomberg, 14-Sep-09.