BA and Iberia merger hits snag
1 April 2010A regulatory hitch saw British Airways and Iberia miss the deadline they had set to sign a definitive merger agreement yesterday on their plan to create Europe’s third-largest airline group.
While the boards of both airlines remain committed to the merger – first announced in November, their plans to list a new holding company in both London and Madrid have run into trouble, according to people with knowledge of the process.
One of the major hurdles to the completion of the deal is BA’s £3.7bn pension scheme deficit.
source: FT.com
