British Airways chief executive office, Willie Walsh, is to receive a 12% pay increase and an annual bonus of up to £1.65 million once the merger with Iberia is finalised. The salary details of the key figures in the newly merged airline group were released in merger documents yesterday. Once Walsh becomes chief executive of International Consolidated Airlines Group, he will earn a basic salary of £825,000 a year, a 12% increase over his current BA salary. BA chief financial officer Keith Williams, who succeeds Walsh as chief executive of BA, has been given a 43% pay rise to £630,000

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