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David Miles, the incoming member of the MPC, has this evening suggested that the worst of the UK recession may be over and house prices may have bottomed out. While there is some scepticism with...
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Thursday 4th December 2008
Iberia airlines has today requested an urgent meeting with British Airways boss Willie Walsh as concerns that the airline will be sidetracked in favour of Qantas begin to circle the market. The British Airways deal with Iberia has been on the cards for sometime and the three-way deal will bring together some of the best known airlines in the world to create a truly global business.
British Airways seems very much to be pulling the strings in this latest merger although if Iberia was to pull out of the transaction this may have medium to long-term implications for the expand British Airways operation. In reality, the merger of the three companies would represent the most beneficial transaction for shareholders and consumers with a substantial reduction in costs and increased worldwide exposure.
As yet there has been no official comment from the regulators around the world although there will still be many hoops for the transaction to jump through before it is cleared on a global basis. There is every chance that the US authorities will look to protect their own domestic carriers as market conditions continue to worsen and fears about further airline collapses continue to circulate the market. |
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