pax britanica
i still do not understand why IAG s registered office and therefore where all the key decisions are taken and board meetings are held is in Madrid and not London
IIRC a big chunk of Iberia was owned by the Spanish Government and as part of the deal to take over Iberia IAG agreed to base itself in Spain. Politics trumping good business sense. Just like RBS keeping its head office in Scotland to appease those north of the border agin the takeover of NatWest. Wait a minute - that didn't work out too well either did it?