BA-IBERIA MERGER GETS FINAL APPROVAL

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By TESTCustomwebLP TESTCustomwebLP October 29, 2010 20:48

BA-IBERIA MERGER GETS FINAL APPROVAL

Shareholders in British Airways and Iberia will vote on the merger between the two airlines this morning. BA shareholders will vote on the £5 billion merger at a meeting at the Queen Elizabeth II conference centre in Westminster, while Iberia shareholders will meet in Madrid.
Shareholder approval for the deal is expected and will be the final step in the creation of the newly merged parent company, International Airlines Group (IAG), which will be operational from January 2011.

IAG will operate 408 aircraft carrying around 57 million passengers a year and will employ more than 57,000 staff and fly to more than 250 destinations.

Once the deal is completed early next year, shares will trade on the London Stock Market under the IAG name.

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By TESTCustomwebLP TESTCustomwebLP October 29, 2010 20:48
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