British Airways closes in on Iberia merger
British Airways has given its strongest indication yet that the proposed merger with Iberia, the Spanish flag carrier, is imminent with only one outstanding issue to be resolved before the deal can be agreed.
Willie Walsh, the chief executive of BA, said that early sticking points including the airline’s pension deficit and share of ownership were no longer problems.
The chairman and chief executive roles have also been agreed in principle and an estimated £400 million of synergies identified.
However, Mr Walsh did say that there was still no agreement on how the merged parent company would control the two airlines.
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