British Airways and Iberia’s boards have today agreed a binding memorandum of understanding (MoU) setting out the basis for a proposed merger of the two companies to create a new, leading European airline group that recognises the principle of parity at board and management level.
The new airline group would have 419 aircraft and fly to 205 destinations. In 2008, British and Iberia carried 62 million passengers. According to their latest financial year, their joint revenues are of approximately 15 billion euros.

Up