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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.

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