British Airways & Iberia merger in effect
It has been for announced some time and and now it came true – two widely known traditional carriers British Airways and Iberia has formed a new European carrier group – International Airlines Consolidated Group.
The new carrier group is the fourth largest one after Lufthansa Group, Air France – KLM and Ryanair. This is not to say that the traditional trademarks travellers are so used to, will disappear. Both companies will retain their brand names eve though their stocks are replaced by the group’ stock on the stock exchange.
It would surely call for celebration for the management had it now been for the fact that the merger is somehow outshone by the announcement made by British Airways cabin crew about the possibility of a new strike action.
The strike threat gives surely rise to concern as the last strike round cost the British national carrier over £150 million…