facebook
twitter
rss
account
search
search
 

BA and Iberia move close to a deal

Nov. 12, 2009 at 2:41 PM   |   Comments

LONDON, Nov. 12 (UPI) -- British Airways Thursday warned no deal was guaranteed as the board of directors at the Spanish airline Iberia agreed to a merger with BA.

BA was scheduled to hold its own directors meeting Thursday, The Times of London Online reported.

The new airline would be chaired by Iberia's current chairman Antonio Vazquez and headquartered in London, The Times said. BA's Chief Executive Officer Willie Walsh would keep the same responsibilities with a merged company.

British Airways said, "no decisions have been taken and, at this time, there can be no guarantee that a transaction will be forthcoming."

"A further announcement will be made in due course, if appropriate," BA said.

Topics: Willie Walsh
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Only 1 in 5 insurers cover volcanic ash
2
Twinkies' Chicago facility to close
3
Corona Extra recalled due to glass particles in beer
4
GenDyn to study new guidance system for ICBMs
5
Damen, Astinave in patrol boat deal
Trending News
Video
x
Feedback