BRITISH AIRWAYS SHARE END TRADING AFTER 24 YEARS

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 21, 2011 08:34

BRITISH AIRWAYS SHARE END TRADING AFTER 24 YEARS

Shares in British Airways have halted trading on the London Stock Exchange after 24 years. The UK flag carrier’s merger with Spanish carrier Iberia completes today and shares in the new company, International Consolidated Airlines Group (IAG), will be listed on the stock market in London and Madrid on Monday morning.

Shares closed 5p lower at 282.5p on Thursday, its last day, after easyJet warned soaring fuel costs were expected to double half-year losses and shook confidence in the industry.

Willie Walsh will step down as chief executive of BA to become CEO of IAG, while current BA chairman Sir Martin Broughton will also become deputy chairman of IAG.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 21, 2011 08:34
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fbritish-airways-share-end-trading-after-24-years%2F"> registered </a> users can comment.