IB management is hardly the most competent, and the transfer of 40 A320s from IB to IB Express (I2) over the next few years should give IB staff reasons to worry.
However, IB pilots union leaders are either paranoid or want to use "nationalistic" feeling to try to get support among the spanish public.
They are saying that the management "plan" is to do away with IB so that BA can use MAD to do long haul flights connecting Latin America with Asia!that BA will "take over" Madrid!
That BA have emptied IB of its cash so that it could buy 50 airplanes!
No, I am not joking:
Here is one (of many) articles in Spanish that quote the claims by the SEPLA leadership :
El Sepla acusa a British de "vaciar la caja" de Iberia