Is the BA-Iberia Merger a Sure Thing?
Despite our best guess, British Airways is getting hot and heavy with Iberia--though there's no word yet on shacking up with American. Most news outlets say the European duo is "holding talks," citing a news release posted on BA's website:
British Airways and Iberia are holding talks with a view to an all-share merger between the two companies. The negotiations are supported unanimously by the boards of both companies.
The British Airways and Iberia brands would be retained as part of a combined group.
It is expected that it will take several months to reach agreement on the terms of the merger and to finalise a joint business and integration plan for the combined group.
But the British Press Association says the deal is done, a pretty bold statement given how mergers tend to fall apart as talks proceed. Perhaps they know something everyone else doesn't?