The biggest airline news of the year (so far in this strange year for airlines) sees the merger of what used to be "The worlds favourite airline" British airways, and Spanish superstar Iberia...
The deal, which comes after months of negotiations, is aimed at helping the airlines cope during the global economic slump. The industry has suffered from a sharp decline in passenger and cargo traffic. ...
Both airlines will retain their brands and heritage while achieving significant synergies as a combined force BA chief executive Willie Walsh was quoted as saying...
British Airways will hold 55 percent of the combined firm, while Iberia will retain 45 percent, the statement said, adding that the merger will save around 400 million euros ($594 million) after five years.....
Follow more of this breaking news at http://www.dw-world.de/dw/article/0,,4888471,00.html
Barticus.
The deal, which comes after months of negotiations, is aimed at helping the airlines cope during the global economic slump. The industry has suffered from a sharp decline in passenger and cargo traffic. ...
Both airlines will retain their brands and heritage while achieving significant synergies as a combined force BA chief executive Willie Walsh was quoted as saying...
British Airways will hold 55 percent of the combined firm, while Iberia will retain 45 percent, the statement said, adding that the merger will save around 400 million euros ($594 million) after five years.....
Follow more of this breaking news at http://www.dw-world.de/dw/article/0,,4888471,00.html
Barticus.
No comments:
Post a Comment