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Merger to spark BA executive pay rises

28 October 2010

British Airways’ top executives are poised to receive hefty pay rises once the airline’s planned merger with Iberia is finalised.

Willie Walsh, chief executive, will see his base pay rise from £735,000 to £825,000 ($1.3m) a year, according to merger documents released as part of the deal, which will be voted on by shareholders in each airline on November 29.

Mr Walsh is to leave BA to become chief executive of the new International Airlines Group holding company, which will own BA and Iberia

source: FT.com

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