Iberia Pension Nod Brings BA Merger Closer

By Max Kingsley-Jones kingsley.jones@aviationweek.com
LONDON

The planned British Airways/Iberia merger has cleared another hurdle, with the Spanish carrier approving its partner’s pension recovery plan.

BA drew up a programme to address its £3.7 billion pension deficit in June, and a term of the proposed merger agreement gave Iberia the option of aborting the tie-up it if considered that the plan was “detrimental to the economic ...

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