British Airways three-way deal hits the skids
The British Airways three-way merger between Qantas and Iberia is on the verge of collapse after the Australian airline withdrew from talks. The problem seems to have occurred from the fact that British Airways had not advised its other partners that it was looking towards a three-way merger which has left many directors feeling out of the loop. This had been put forward as a major step in the right direction for both British Airways and the international airline industry as a whole.
Not only is the merger with Qantas now dead and buried but serious doubts have been cast over the Iberia deal and the future of British Airways. Each and every airline around the world is still suffering from the high oil prices seen earlier in 2008 even though prices have fallen by 60% over the last few months. The fact that British Airways was actually in the market for a merger leaves the company open to attack by US competitors who have for many years had an eye on British Airways' Heathrow presence which is literally worth its weight in gold.
While this would-be merger may be on the verge of collapse this is only the start of a potentially enormous consolidation phase in the international airline industry.
Share this..
Related stories
UK exports continue to grow
At a time when the UK economy needs all the help it can get the CBI has today revealed an increase in UK exports with weak sterling finally filtering through into the small business arena. More and more smaller businesses are reporting an increase in demand from overseas although there are concerns about profit margins being squeezed due to higher commodity and raw material prices. This is welc...
Read MoreIs the UK stock market over the worst?
The UK stock market has for some time been treading water, awaiting news of a potential recovery in the UK economy and the wider worldwide economy. However, yesterday saw a significant increase in the markets buoyed by hopes for the future and an upward trend starting to emerge in America. But are we actually over the worst?
While there is no doubt that investors seem a little more...
Free Financial Health Check
When was the last time you went through your personal finances?
Until 31st January 2014 we are offering you the opportunity to book an appointment with a qualified financial adviser and receive a FREE initial 30 minute Financial Health Check. During the Financial Health Check we could help you plan, protect and make more of your precious family income.
Areas covered in the c...
Read MoreCuts, cuts and more cuts!
With only hours to go before the result of the UK election is confirmed fears are growing over the depth of cuts which will be required to rein in the UK budget deficit. Political experts have been voicing their opinions in the media this morning with each and every political party yet to confirm their overall plans to cut public sector services. If we see a hung parliament there will be an int...
Read MoreUK authorities reject call for charges against Madoff arm
The Serious Fraud office (SFO) has this week confirmed there will be no charges against directors and employees of the Madoff UK arm which was mentioned as a prominent part of the group in an investigation by the US authority. While Bernard Madoff himself is currently serving a term of 150 years in a US prison regarding the alleged $65 billion Ponzi scheme it looks as though his fellow directors w...
Read More