The combination will form the world's their largest airline. With Iberia taking 45% and BA taking the further 55% of the company.
"The merger will create a strong European airline well able to compete in the 21st Century," said BA chief executive Willie Walsh.
From when it changed from a government department to a private company in 1987 transformed by Colin Marshall. From here on it became a very successful airline and one of the most prolific and dominant global airlines in the world.
BA has been forced to change due to competition from low cost airlines from Europe, and this consolidation of the two airlines is the first step into the new way in which BA are going to change the way they do business.
Willie Walsh can't continue growing his business at Heathrow and without a third runway, therefore BA is being grown elsewhere.
Despite disputes from cabin crew, little changes are expected from service from BA, as their contingency plan is very well advanced.
So, British Airways is no longer an independent company, it has faced great highs being the Flag carrier for Britain and representing the UK globally. There were also lows following 9/11 but BA has always continued growth where suitable and there has never been a dull moment.
Let us hope that this new airline will be a success as predicted.
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| British Airways - Aerospatiale-BAC Concorde 102 © Steve Flint on airliners.net Sources: BBC News |
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