Mergers and acquisitions

This week saw the first anniversary of a joint business agreement between American, Iberia and British. Under this agreement, the airlines agreed to co-operate commercially on flights between the United States, Mexico, Canada, the European Union, Switzerland and Norway. The agreement  was backed up by anti trust immunity from US and European authorities. Shortly, after the agreement was signed, in January, 2011, Iberia and BA merged into a new company called IAG (international Airlines Group), Europe’s third largest airline group and the sixth largest in the world by revenue. The airlines have combined the strong BA Asian connections with Iberia’s…

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