British Airways and Iberia Agree, Willie Walsh Will Lead New Group
Finance World News Update by EQUITIES Magazine
Beverly Hills 11/13/2009 04:35 PM GMT (TransWorldNews)
In meetings on Thursday, British Airways and Iberia agreed to merge into a new company with a market value of $7 billion, with British Airways chief Willie Walsh at the helm.
The merger was crafted by senior management, including Iberia Chairman, Antonio Vazquez, and Walsh, as opposed to bankers. For Vasquez, who, last year, sold tobacco firm Altadis to Imperial Tobacco, this airline amalgamation cements his status as international dealmaker.
Talks between the two airlines began in June 2008, when Vazquez’s predecessor Fernando Conte was still with Iberia. Vazquez, who has been called, “The Negotiator” by Spanish travel magazine Savia, became Iberia’s executive chairman this July.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine
info@equitiesmagazine.com
Email Article to a friend
|
View Profile
Visit Blogs
|
NEWS ALERTS
Receive alerts for
EQUITIES Magazine
to your inbox.
Sign up for TransWorldNews Alerts
TransWorldNews, Inc. and its affiliate sites disclaim all liability for information and content provided by clients and appearing within their news and press releases.
