Credo possa essere dovuto al cambio euro/sterlina spesso comprando voli in valuta estera si può risparmiare.
Thread British Airways-Iberia: firmata la fusione dei due vettori
- Autore Discussione billypaul
- Data d'inizio
Credo possa essere dovuto al cambio euro/sterlina spesso comprando voli in valuta estera si può risparmiare.
Voli sulla Cina nei piani Iberia sul network internazionale
Iberia continuerà a rafforzare la sua leadership sull'America Latina, dove ha aggiunto circa 20mila posti a settimana, sulle 151 frequenze. Ma l'entrata in flotta di due A340-600 entro l'anno potrebbe portare altre novità rilevanti sul network internazionale. "Da tempo stiamo pensando a un collegamento diretto sulla Cina, anche se la difficile situazione economica ci ha finora impedito questo passo - afferma il direttore generale di Iberia, Manuel Lopez Aguilar -. Sarebbe un volo Est-Ovest, con Madrid come hub per i cinesi che volano in American Latina e viceversa". Contatti vi sono anche per l'acquisto di un terzo A340 per spingere ulteriormente il lungo raggio. "Su Barcellona invece - prosegue Lopez Aguilar - siamo molto attenti per un eventuale rilancio sullo scalo, anche se, per ora, non vi è nulla di deciso" TTG
Iberia continuerà a rafforzare la sua leadership sull'America Latina, dove ha aggiunto circa 20mila posti a settimana, sulle 151 frequenze. Ma l'entrata in flotta di due A340-600 entro l'anno potrebbe portare altre novità rilevanti sul network internazionale. "Da tempo stiamo pensando a un collegamento diretto sulla Cina, anche se la difficile situazione economica ci ha finora impedito questo passo - afferma il direttore generale di Iberia, Manuel Lopez Aguilar -. Sarebbe un volo Est-Ovest, con Madrid come hub per i cinesi che volano in American Latina e viceversa". Contatti vi sono anche per l'acquisto di un terzo A340 per spingere ulteriormente il lungo raggio. "Su Barcellona invece - prosegue Lopez Aguilar - siamo molto attenti per un eventuale rilancio sullo scalo, anche se, per ora, non vi è nulla di deciso" TTG
Settore aereo: slitta fusione British - Iberia
31 Marzo 2010 13:29 ECONOMIA
LONDRA - Problemi tecnici sono alla base dello slittamento dell'accordo di fusione tra British Airways e Iberia. Secondo la compagnia di bandiera britannica l'accordo non sara' siglato nel primo trimestre ma solo dopo che verranno risolti i problemi. (RCD)
31 Marzo 2010 13:29 ECONOMIA
LONDRA - Problemi tecnici sono alla base dello slittamento dell'accordo di fusione tra British Airways e Iberia. Secondo la compagnia di bandiera britannica l'accordo non sara' siglato nel primo trimestre ma solo dopo che verranno risolti i problemi. (RCD)
Fusione British Airways-Iberia
Dal Corriere di oggi:
LONDRA (Inghilterra) - La compagnia aerea britannica British Airways e il suo partner spagnolo Iberia hanno annunciato stamani, dopo diversi rinvii, la firma dell'accordo di fusione, che dara' vita a una nuova grande compagnia europea. (RCD)
Dal Corriere di oggi:
LONDRA (Inghilterra) - La compagnia aerea britannica British Airways e il suo partner spagnolo Iberia hanno annunciato stamani, dopo diversi rinvii, la firma dell'accordo di fusione, che dara' vita a una nuova grande compagnia europea. (RCD)
Noooooo, non ci posso credereeee!
Inventeranno qualche altra cosa per rinviare la fusione...vogliono battere Dynasty!
Inventeranno qualche altra cosa per rinviare la fusione...vogliono battere Dynasty!
Apr 2010 8:09am
BA and Iberia sign merger agreement
By Mark Mulligan in Madrid and Pilita Clark in London
The Financial Times
British Airways and Iberia on Thursday announced a definitive merger agreement, ending nearly two years of often strained negotiations on the creation of a Europe’s third-largest airline group.
The companies, which have both been battered by competition from low-cost carriers and the global downturn in business travel, said the merged group would boast a 408-aircraft fleet and carry more than 58m passengers a year to 200 destinations.
Willie Walsh, BA’s chief executive, will take up the chief executive position at the new holding company, to be known as International Airline Group. Antonio Vázquez, Iberia’s chairman, will take up the same post in the new organisation.
BA shareholders will hold 55 per cent of the new company, compared with 45 per cent for Iberia’s owners, but each airline would also have its own chief executive and operating company in London and Madrid to preserve both brands and existing international flying rights.
Current BA shareholders will receive one share in the new company for every one held in the UK airline, while Iberia’s shareholders will get 1.0205.
The carriers said the deal, which is expected to be completed by the end of this year, would generate synergies of about €400m (£350m) by the fifth year.
One important hurdle to the completion of the deal had been BA’s £3.7bn pension scheme deficit. As outlined under a memorandum of understanding signed last November, Iberia remains entitled to terminate the merger agreement if a pension recovery plan agreed between BA and its pension trustees proves “materially detrimental to the economic premises of the proposed merger”.
If completed, the tie-up will create Europe’s biggest airline group, after Lufthansa of Germany and Air France-KLM. It must clear competition authorities in Brussels and needs approval from each airline’s shareholders.
As part of the political and regulatory demands posed by the deal, the airlines agreed last year that the new group would have its headquarters in London but be registered and tax-resident in Spain, where it would also hold most board meetings and all shareholder meetings.
The airlines confirmed on Thursday that the holding group would have its premium listing on the London Stock Exchange, but also be traded on the Madrid Bolsa through an interconnection system known as the “Mercado Continuo”.
Complications related to the market regulators’ review of the proposed listings had made it impossible to meet a deadline that had been set for last Wednesday.
Mr Walsh said on Thursday: “The merged company will provide customers with a larger combined network. It will also have greater potential for further growth by optimising the dual hubs of London and Madrid and providing continued investment in new products and services.”
BA shares were 0.5 per cent lower at 237.1p in early London trading, while in Madrid Iberia stock eased 0.3 per cent to €2.62.
BA and Iberia sign merger agreement
By Mark Mulligan in Madrid and Pilita Clark in London
The Financial Times
British Airways and Iberia on Thursday announced a definitive merger agreement, ending nearly two years of often strained negotiations on the creation of a Europe’s third-largest airline group.
The companies, which have both been battered by competition from low-cost carriers and the global downturn in business travel, said the merged group would boast a 408-aircraft fleet and carry more than 58m passengers a year to 200 destinations.
Willie Walsh, BA’s chief executive, will take up the chief executive position at the new holding company, to be known as International Airline Group. Antonio Vázquez, Iberia’s chairman, will take up the same post in the new organisation.
BA shareholders will hold 55 per cent of the new company, compared with 45 per cent for Iberia’s owners, but each airline would also have its own chief executive and operating company in London and Madrid to preserve both brands and existing international flying rights.
Current BA shareholders will receive one share in the new company for every one held in the UK airline, while Iberia’s shareholders will get 1.0205.
The carriers said the deal, which is expected to be completed by the end of this year, would generate synergies of about €400m (£350m) by the fifth year.
One important hurdle to the completion of the deal had been BA’s £3.7bn pension scheme deficit. As outlined under a memorandum of understanding signed last November, Iberia remains entitled to terminate the merger agreement if a pension recovery plan agreed between BA and its pension trustees proves “materially detrimental to the economic premises of the proposed merger”.
If completed, the tie-up will create Europe’s biggest airline group, after Lufthansa of Germany and Air France-KLM. It must clear competition authorities in Brussels and needs approval from each airline’s shareholders.
As part of the political and regulatory demands posed by the deal, the airlines agreed last year that the new group would have its headquarters in London but be registered and tax-resident in Spain, where it would also hold most board meetings and all shareholder meetings.
The airlines confirmed on Thursday that the holding group would have its premium listing on the London Stock Exchange, but also be traded on the Madrid Bolsa through an interconnection system known as the “Mercado Continuo”.
Complications related to the market regulators’ review of the proposed listings had made it impossible to meet a deadline that had been set for last Wednesday.
Mr Walsh said on Thursday: “The merged company will provide customers with a larger combined network. It will also have greater potential for further growth by optimising the dual hubs of London and Madrid and providing continued investment in new products and services.”
BA shares were 0.5 per cent lower at 237.1p in early London trading, while in Madrid Iberia stock eased 0.3 per cent to €2.62.
come air france alitalia, lufthansa austrian e brussels airlines, così british iberia, era tutto deciso, e la Commissione europea sa che si è trattato di un accordo illecito per violazione delle norme antitrust ma sa di non poter avere le prove, anzi, di non volerle avere..
è stata una storica spartizione a tavolino, come quella degli hub..
Iberia e British Airways hanno firmato la fusione
Come da oggetto.
http://www.elpais.com/articulo/econ...nea/mundial/elpepueco/20100408elpepueco_2/Tes
http://www.corriere.it/economia/10_...ne_8dcf31f2-42d8-11df-ad88-00144f02aabe.shtml
Come da oggetto.
http://www.elpais.com/articulo/econ...nea/mundial/elpepueco/20100408elpepueco_2/Tes
http://www.corriere.it/economia/10_...ne_8dcf31f2-42d8-11df-ad88-00144f02aabe.shtml
BA, Iberia sign definitive merger agreement
Friday April 9, 2010
British Airways and Iberia formally signed a definitive merger agreement yesterday, creating a third mega-airline grouping in Europe if all the necessary approvals are granted.
The new entity will be named International Airlines Group and organized under a holding company, International Consolidated Airlines Group, which will be listed on the London and Spanish stock exchanges. "This is an important step in the process towards creating one of the world's leading global airlines that will be better equipped to compete with other major airlines and participate in future industry consolidation," Iberia Chairman and CEO Antonio Vazquez said.
British Airways CEO Willie Walsh, who will head IAG, said, "The merged company will provide customers with a larger combined network. It will also have greater potential for further growth by optimizing the dual hubs of London [Heathrow] and Madrid and providing continued investment in new products and services." Both airlines will retain their current operations and individual brands. The combined fleet will total 408 aircraft operating to 200 destinations and carrying more than 58 million passengers per year.
The definitive agreement inked yesterday follows the signing of a binding MOU last November (ATWOnline, Nov. 13, 2009) and is conditional on regulatory approval from the relevant competition authorities including the European Commission and approval by both BA and IB shareholders. BA and IB said they expect to present the transaction for shareholder approval in November with completion of the merger expected to occur approximately one month later.
IB does have an out-clause. As stipulated in the MOU, the Spanish carrier "will be entitled to terminate the merger agreement if the outcome of discussions between British Airways and its pension trustees is not, in Iberia's reasonable opinion, satisfactory." Neither IB nor IAG can fund BA pension schemes under terms of the merger accord.
BA's pension deficit had reached £3.7 billion ($5.58 billion) by the time the airline achieved a deal with unions in March. The unions still require approval from their members, and BA still needs to secure an agreement with pension trustees. The plan must be presented to the UK Pensions Regulator by June 30 (ATWOnline, April 1).
IAG will generate annual synergies of approximately €400 million by the fifth year of the merger, the carriers said in a statement. They did not detail how the savings will be achieved, but said that since signing the MOU they have "refined the synergies and confirmed the principles of how the organization will be structured." BA and IB added that they have received regulatory confirmation from UK and Spanish civil aviation authorities to ensure that the ownership and governance structure of both companies would permit retention of existing national route licenses and traffic rights.
by Cathy Buyck
http://www.atwonline.com/news/story.html?storyID=19963
In pratica è stato firmato il nulla. IB può ritirarsi a sua totale discrezione.
Friday April 9, 2010
British Airways and Iberia formally signed a definitive merger agreement yesterday, creating a third mega-airline grouping in Europe if all the necessary approvals are granted.
The new entity will be named International Airlines Group and organized under a holding company, International Consolidated Airlines Group, which will be listed on the London and Spanish stock exchanges. "This is an important step in the process towards creating one of the world's leading global airlines that will be better equipped to compete with other major airlines and participate in future industry consolidation," Iberia Chairman and CEO Antonio Vazquez said.
British Airways CEO Willie Walsh, who will head IAG, said, "The merged company will provide customers with a larger combined network. It will also have greater potential for further growth by optimizing the dual hubs of London [Heathrow] and Madrid and providing continued investment in new products and services." Both airlines will retain their current operations and individual brands. The combined fleet will total 408 aircraft operating to 200 destinations and carrying more than 58 million passengers per year.
The definitive agreement inked yesterday follows the signing of a binding MOU last November (ATWOnline, Nov. 13, 2009) and is conditional on regulatory approval from the relevant competition authorities including the European Commission and approval by both BA and IB shareholders. BA and IB said they expect to present the transaction for shareholder approval in November with completion of the merger expected to occur approximately one month later.
IB does have an out-clause. As stipulated in the MOU, the Spanish carrier "will be entitled to terminate the merger agreement if the outcome of discussions between British Airways and its pension trustees is not, in Iberia's reasonable opinion, satisfactory." Neither IB nor IAG can fund BA pension schemes under terms of the merger accord.
BA's pension deficit had reached £3.7 billion ($5.58 billion) by the time the airline achieved a deal with unions in March. The unions still require approval from their members, and BA still needs to secure an agreement with pension trustees. The plan must be presented to the UK Pensions Regulator by June 30 (ATWOnline, April 1).
IAG will generate annual synergies of approximately €400 million by the fifth year of the merger, the carriers said in a statement. They did not detail how the savings will be achieved, but said that since signing the MOU they have "refined the synergies and confirmed the principles of how the organization will be structured." BA and IB added that they have received regulatory confirmation from UK and Spanish civil aviation authorities to ensure that the ownership and governance structure of both companies would permit retention of existing national route licenses and traffic rights.
by Cathy Buyck
http://www.atwonline.com/news/story.html?storyID=19963
In pratica è stato firmato il nulla. IB può ritirarsi a sua totale discrezione.
Perdite record per BA
BA Reveals Record Annual Loss Of £531m
From http://news.sky.com/
British Airways has revealed it made a record annual pre-tax loss of £531m as it prepares to take a further hit from a looming cabin crew walkout.
The latest results, which cover a 12-month period to the end of March, include an estimated £40-45m loss from the first round of cabin crew strikes earlier this year.
But they do not reflect the fall in revenue caused by the volcanic ash cloud disruption in April nor the bookings slide that occurred as the industrial row deepened.
BA's loss over the year to March is its worst performance since it was privatised in 1987 and follows a £401m loss last year.
However, chief executive Willie Walsh told Sky News the figures were "reasonable given the circumstances".
"If it wasn't for the decisive action we took this year, I think the losses would have been far greater," he told Sky News.
The airline reported its annual results as cabin crew prepare to go ahead with a five-day strike from Monday after the Court of Appeal overturned an injunction blocking the action.
Mr Walsh said he was hopeful that an agreement could be reached to call off the walkout, but maintained that permanent change was needed to secure BA's future.
"What you've got at BA is a boss who has finally stood up to the need to address the issues that should have been tackled years ago," he told Sky News.
"Anyone who examines what's going on will recognise that we have working practices that are completely out of line with our industry and competitors."
He went on: "We can face up to any competition. What we can't deal with is a trade union that wants to destroy the business."
Mr Walsh said he had managed to reach an agreement with Unite leaders Derek Simpson and Tony Woodley that addressed the "substantive issues".
Yet he said the Bassa branch of the union, which represents the cabin crew, had "trashed" the proposal.
BA could face a £100m bill from the next wave of industrial action, in addition to a potentially devastating fall in ticket sales if passengers, particularly business travellers, choose to take their custom elsewhere.
Nevertheless, the airline said market conditions were showing improvement and said it expected to break even this year.
Its most recent slide into the red was slightly less than the £600m feared.
BA said its revenues for the year to the end of March fell 11% to £7.9bn but that its costs had come down by around £1bn.
Commenting on the figures, airline industry analyst John Strickland told Sky News: "BA can carry on - the company has financial reserves to withstand it.
"However, these resources are to tide the airline through these difficult economic times, not to deal with problems of staff disputes.
"Every day the strike threat happens, competitors will take advantage to capture those passengers."
BA Reveals Record Annual Loss Of £531m
From http://news.sky.com/
British Airways has revealed it made a record annual pre-tax loss of £531m as it prepares to take a further hit from a looming cabin crew walkout.
The latest results, which cover a 12-month period to the end of March, include an estimated £40-45m loss from the first round of cabin crew strikes earlier this year.
But they do not reflect the fall in revenue caused by the volcanic ash cloud disruption in April nor the bookings slide that occurred as the industrial row deepened.
BA's loss over the year to March is its worst performance since it was privatised in 1987 and follows a £401m loss last year.
However, chief executive Willie Walsh told Sky News the figures were "reasonable given the circumstances".
"If it wasn't for the decisive action we took this year, I think the losses would have been far greater," he told Sky News.
The airline reported its annual results as cabin crew prepare to go ahead with a five-day strike from Monday after the Court of Appeal overturned an injunction blocking the action.
Mr Walsh said he was hopeful that an agreement could be reached to call off the walkout, but maintained that permanent change was needed to secure BA's future.
"What you've got at BA is a boss who has finally stood up to the need to address the issues that should have been tackled years ago," he told Sky News.
"Anyone who examines what's going on will recognise that we have working practices that are completely out of line with our industry and competitors."
He went on: "We can face up to any competition. What we can't deal with is a trade union that wants to destroy the business."
Mr Walsh said he had managed to reach an agreement with Unite leaders Derek Simpson and Tony Woodley that addressed the "substantive issues".
Yet he said the Bassa branch of the union, which represents the cabin crew, had "trashed" the proposal.
BA could face a £100m bill from the next wave of industrial action, in addition to a potentially devastating fall in ticket sales if passengers, particularly business travellers, choose to take their custom elsewhere.
Nevertheless, the airline said market conditions were showing improvement and said it expected to break even this year.
Its most recent slide into the red was slightly less than the £600m feared.
BA said its revenues for the year to the end of March fell 11% to £7.9bn but that its costs had come down by around £1bn.
Commenting on the figures, airline industry analyst John Strickland told Sky News: "BA can carry on - the company has financial reserves to withstand it.
"However, these resources are to tide the airline through these difficult economic times, not to deal with problems of staff disputes.
"Every day the strike threat happens, competitors will take advantage to capture those passengers."
Iberia places A320 order on behalf of British Airways
By David Kaminski-Morrow
Five Airbus A320s firmed as an order by Spanish flag-carrier Iberia last month after actually destined to be delivered to merger partner British Airways.
The A320 order, concluded on 3 May, was listed in Airbus' latest backlog figures, covering the first five months of 2010.
While it is attributed to Iberia, a spokeswoman for the airline states that the twin-jets have been ordered on BA's behalf.
"These aircraft were part of an Iberia option from 2005," she says. "We've bought them for BA."
Iberia ordered 30 A320-family jets in 2005 and placed options for another 49.
BA declines to comment on the transaction. The UK airline's A320-family fleet is primarily powered by International Aero Engines V2500s while Iberia's aircraft mainly have CFM International CFM56 powerplants.
Iberia says it has yet to decide whether the aircraft will be transferred to BA through a sale, lease or other arrangement.
BA and Iberia are finalising a merger and last month estimated that current fleet commitments would account for 7% of the initial €250 million ($300 million) in cost synergies over the first five years of the tie-up.
By David Kaminski-Morrow
Five Airbus A320s firmed as an order by Spanish flag-carrier Iberia last month after actually destined to be delivered to merger partner British Airways.
The A320 order, concluded on 3 May, was listed in Airbus' latest backlog figures, covering the first five months of 2010.
While it is attributed to Iberia, a spokeswoman for the airline states that the twin-jets have been ordered on BA's behalf.
"These aircraft were part of an Iberia option from 2005," she says. "We've bought them for BA."
Iberia ordered 30 A320-family jets in 2005 and placed options for another 49.
BA declines to comment on the transaction. The UK airline's A320-family fleet is primarily powered by International Aero Engines V2500s while Iberia's aircraft mainly have CFM International CFM56 powerplants.
Iberia says it has yet to decide whether the aircraft will be transferred to BA through a sale, lease or other arrangement.
BA and Iberia are finalising a merger and last month estimated that current fleet commitments would account for 7% of the initial €250 million ($300 million) in cost synergies over the first five years of the tie-up.
BA reaches key agreement on pension deficits
By Cathy Buyck | June 23, 2010
ATWOnline
British Airways announced that it reached agreement with the trustees of its two main pension plans, New Airways Pension Scheme and Airways Pension Scheme, concerning a recovery plan to address the plans' combined deficit that stood at £2.7 billion ($4 billion) as of March 31, down from £3.7 billion one year earlier.
It reached agreement with its trade unions in March (ATW Daily News, March 17) and now will submit the recovery plan to the UK Pensions Regulator by the June 30 deadline. The regulator still has to clear the recovery plan, but "its initial response to the overall package has been positive,"according to BA.
Also key is a green light from Iberia, since it can walk away from its merger agreement with BA if it determines that the recovery plan is "materially detrimental to the economic premises of the proposed merger," and has three months to do so. However, analysts expect the Spanish carrier will confirm the merger by the Sept. 30 deadline in the absence of additional immediate lump sum contributions.All contributions into BA's pension funds will continue to be funded by BA and not by Iberia or the merged holding company, International Airlines Group.
"This agreement is a significant and positive step forward for British Airways and the pension scheme members. The trustees understand that the airline is unable to increase its contributions in the current financial climate but we have agreed to a recovery plan that avoids closing the pension schemes, gives NAPS members choice over their future pension accruals, and increases the prudence of the assumptions employed in managing the scheme,"CFO Keith Williams said.
Under terms of the agreed recovery plan, BA will continue to make annual payments of around £330 million plus annual increases in line with inflation (expected to average 3%). Contributions will continue until 2026 for NAPS and 2023 for APS, and BA committed to making additional contributions if its year-end cash balance exceeds £1.8 billion. The schemes also will be provided with £250 million of additional security over the company's assets, which would become payable in the event of the carrier’s insolvency. At the March 31 end of its most recent fiscal year, BA's cash balance was £1.71 billion.
By Cathy Buyck | June 23, 2010
ATWOnline
British Airways announced that it reached agreement with the trustees of its two main pension plans, New Airways Pension Scheme and Airways Pension Scheme, concerning a recovery plan to address the plans' combined deficit that stood at £2.7 billion ($4 billion) as of March 31, down from £3.7 billion one year earlier.
It reached agreement with its trade unions in March (ATW Daily News, March 17) and now will submit the recovery plan to the UK Pensions Regulator by the June 30 deadline. The regulator still has to clear the recovery plan, but "its initial response to the overall package has been positive,"according to BA.
Also key is a green light from Iberia, since it can walk away from its merger agreement with BA if it determines that the recovery plan is "materially detrimental to the economic premises of the proposed merger," and has three months to do so. However, analysts expect the Spanish carrier will confirm the merger by the Sept. 30 deadline in the absence of additional immediate lump sum contributions.All contributions into BA's pension funds will continue to be funded by BA and not by Iberia or the merged holding company, International Airlines Group.
"This agreement is a significant and positive step forward for British Airways and the pension scheme members. The trustees understand that the airline is unable to increase its contributions in the current financial climate but we have agreed to a recovery plan that avoids closing the pension schemes, gives NAPS members choice over their future pension accruals, and increases the prudence of the assumptions employed in managing the scheme,"CFO Keith Williams said.
Under terms of the agreed recovery plan, BA will continue to make annual payments of around £330 million plus annual increases in line with inflation (expected to average 3%). Contributions will continue until 2026 for NAPS and 2023 for APS, and BA committed to making additional contributions if its year-end cash balance exceeds £1.8 billion. The schemes also will be provided with £250 million of additional security over the company's assets, which would become payable in the event of the carrier’s insolvency. At the March 31 end of its most recent fiscal year, BA's cash balance was £1.71 billion.
01/07/2010 - 12:11
British e Iberia più vicine alla fusione
Firmato un documento con i dettagli dell'operazione
E stato fatto un nuovo passo verso la fusione tra British Airways e Iberia. I due vettori hanno firmato un documento che delinea i dettagli dell'operazione, che dovrà comunque essere approvata dagli azionisti delle due compagnie in novembre.
Gli accordi prevedono che Willie Walsh, attuale ceo di Ba, resti ad del nuovo vettore, mentre presidente sarà nominato Antonio Vazquez di Iberia.
La nuova compagnia avrà una flotta di 408 aerei che potrà trasportare oltre 58 milioni di passeggeri verso oltre 200 destinazioni.
www.guidaviaggi.it
British e Iberia più vicine alla fusione
Firmato un documento con i dettagli dell'operazione
E stato fatto un nuovo passo verso la fusione tra British Airways e Iberia. I due vettori hanno firmato un documento che delinea i dettagli dell'operazione, che dovrà comunque essere approvata dagli azionisti delle due compagnie in novembre.
Gli accordi prevedono che Willie Walsh, attuale ceo di Ba, resti ad del nuovo vettore, mentre presidente sarà nominato Antonio Vazquez di Iberia.
La nuova compagnia avrà una flotta di 408 aerei che potrà trasportare oltre 58 milioni di passeggeri verso oltre 200 destinazioni.
www.guidaviaggi.it
Questa fusione è un parto davvero difficile, ormai di rinvio in rinvio sta diventando una telenovela...
IAG: British e Iberia a caccia di prede.
BA-Iberia has 12 on takeover target list
By Pilita Clark in Mumbai
Published: September 4 2010 12:05 | Last updated: September 4 2010 12:05
Willie Walsh, British Airways’s chief, and top Iberia executives have drawn up a list of 12 candidates to buy or merge with once their own tie-up is finalised in a plan that would create the world’s largest airline and shake-up the aviation world.
The 12 targets, pared back from an initial list of 40, includes budget airlines as well as larger full-service carriers in several countries, including fast-growing emerging economies such as Brazil, India and China.
Not all 12 would be pursued, and foreign ownership restrictions in many countries would make it hard to buy some of those targeted. But “others would be possible almost immediately”, said Mr Walsh, who is set to move shortly to head a new company under the BA-Iberia merger called International Airlines Group, or IAG.
He will drive the combined group’s strategic direction, assuming the deal is completed by the end of this year as planned, and has already made clear that the new group would look at further consolidation.
But this is the first time he has revealed that detailed discussions have been going on within BA and Iberia in recent months regarding the scope and nature of possible deals.
“We’ve looked at it initially with a view to full merger or acquisition rather than taking a minority investment in another airline,” he said.
“The ambition is very clear that IAG will look to consolidate further,” he said in Mumbai, where he announced a deal with India’s Kingfisher Airlines, an addition to the Oneworld airline alliance in which BA is the leading European member, and BA’s first code-share with an Indian carrier.
While Mr Walsh refused to name airlines on his list and cautioned that no talks had begun with possible partners, Kingfisher will be seen as a likely target.
Another candidate is Chile’s LAN Airlines, although it has just announced that it plans to merge with Brazil’s TAM, making it a more difficult target to swallow.
The leading Oneworld member, American Airlines, might also be a logical partner, except that the US restricts foreign ownership of airlines, as do many countries.
Mr Walsh acknowledged the difficulties but said he was confident ownership restrictions would be eased. There was also scope to get around them, he said, as BA had learnt during failed merger talks with Australia’s Qantas in 2008.
“One of the benefits we have from the discussions we had with Qantas is we realised these are complex discussions but you can put structures in place that comply with the foreign ownership requirements,” he said. “Our view is, over time, these barriers will be removed and it’s only a question of when.”
(Financial Times)
BA-Iberia has 12 on takeover target list
By Pilita Clark in Mumbai
Published: September 4 2010 12:05 | Last updated: September 4 2010 12:05
Willie Walsh, British Airways’s chief, and top Iberia executives have drawn up a list of 12 candidates to buy or merge with once their own tie-up is finalised in a plan that would create the world’s largest airline and shake-up the aviation world.
The 12 targets, pared back from an initial list of 40, includes budget airlines as well as larger full-service carriers in several countries, including fast-growing emerging economies such as Brazil, India and China.
Not all 12 would be pursued, and foreign ownership restrictions in many countries would make it hard to buy some of those targeted. But “others would be possible almost immediately”, said Mr Walsh, who is set to move shortly to head a new company under the BA-Iberia merger called International Airlines Group, or IAG.
He will drive the combined group’s strategic direction, assuming the deal is completed by the end of this year as planned, and has already made clear that the new group would look at further consolidation.
But this is the first time he has revealed that detailed discussions have been going on within BA and Iberia in recent months regarding the scope and nature of possible deals.
“We’ve looked at it initially with a view to full merger or acquisition rather than taking a minority investment in another airline,” he said.
“The ambition is very clear that IAG will look to consolidate further,” he said in Mumbai, where he announced a deal with India’s Kingfisher Airlines, an addition to the Oneworld airline alliance in which BA is the leading European member, and BA’s first code-share with an Indian carrier.
While Mr Walsh refused to name airlines on his list and cautioned that no talks had begun with possible partners, Kingfisher will be seen as a likely target.
Another candidate is Chile’s LAN Airlines, although it has just announced that it plans to merge with Brazil’s TAM, making it a more difficult target to swallow.
The leading Oneworld member, American Airlines, might also be a logical partner, except that the US restricts foreign ownership of airlines, as do many countries.
Mr Walsh acknowledged the difficulties but said he was confident ownership restrictions would be eased. There was also scope to get around them, he said, as BA had learnt during failed merger talks with Australia’s Qantas in 2008.
“One of the benefits we have from the discussions we had with Qantas is we realised these are complex discussions but you can put structures in place that comply with the foreign ownership requirements,” he said. “Our view is, over time, these barriers will be removed and it’s only a question of when.”
(Financial Times)
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