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3-Jun-2010 12:31 PM

Iberia merger with British Airways on track for completion in 2010

Iberia Chairman, Antonio Vazquez, stated the carrier’s merger with British Airways is still on track for completion by the end of 2010. Mr Vazquez said “if everything goes as planned the merger will take place in November” (Reuters/AFP/Dow Jones, 02-Jun-2010). Mr Vazquez added the merger process is "moving forward at a good pace". Mr Vazquez added he expects a commercial alliance with BA and American Airlines to be approved by the US Department of Transportation and the European Union by summer 2010.