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British-Airways-Iberia: the Board of Directors give the go-ahead for the merger

London , UK - Waiting for stakeholders and legal authorities' okay

Today British Airways has announced that the Board of Directors of both air companies have approved the merger with the Spanish company Iberia. "Both companies have backed the negotiation process, but it will need time before reaching an agreement". After the official release of the news, BA stocks gained 7.89% with 253 pence, while at Madrid Stock Exchange Iberia's stock was suspended. BA owns...

AVIONEWS - World Aeronautical Press Agency - 1092839
Rome, Italy, 07/29/2008 15:22
AVIONEWS - World Aeronautical Press Agency

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